There are a lot of books available on trading the markets in general. Many of the books focus on always trading with the trends in the market. The book by Michael Covel titled Trend following is excellent and I highly recommend reading it.
If someone tries to act instead forex the very first task is to determine whether the currency pair they are considering buying or selling is in a trend. The next step would be to wait for an entry point to the current trend and ride the trends in the Forex as far as possible.
How far is it as far as possible? Well, the stronger the trend and developments on larger timeframes the longer you run it. Short-term trends are also fine, but the length of the step will not be so far and your trade entries will be more frequent. If you are acting major trends and timeframes instead forex you want to trade less frequently and ride each trade much longer. The major trends instead Forex has a higher reward of pips for each given position, you tend to trade less frequently
Forex trend indicators and forex trend tools are available in commercial charting packages, trading platforms and software packages. Many of them are good, but not well understood.
If you always act with the trends instead forex you will always enjoy a certain degree of success. I can equate trade with the trends instead forex sailing with the wind instead of against it.
On the other hand, ignorance about the forex market trends will lead to an insurmountable obstacle for profitable forex trading. If you do not know what the trend is for the currency pair you are trading, you will never consistently make money trading spot forex.
What's worse is that if you make a trade on the spot forex and have a profitable trade or losing trade you will not be able to pinpoint why if you do not know the primary trend of the currency pair you are trading.
always know the trends instead forex market and always act in the direction of the trend.
be a trend trader on the spot forex is NOT scalping, and it is NOT acting news. If you choose to scalp spot forex know the trend is still extremely beneficial. Most forex scalpers eventually quit scalping because it is too boring, mentally exhausting and in the end they all become forex trend traders anyway, so why not start out where you are going to run?
Also, if you trade Forex news you can also do this in the direction of the trend, and it's amazing how often forex trends is just about an expected news event, so why risk ever trading against the trend at all? </ P>
Trading with trends instead Forex is also common sense. Trading against the trend, or when there is no established trend will only cause grief and loss.
If there is no tendency for the presence of a currency pair is usually a square-linked or oscillating up and down. This means that the pair acting as a small or large pip fruit range and appears to jump up and down or cycling up and down in the art. The currency pair can not move higher or lower, because it is stuck in the area.
When the currency is moving up and down in the range of two things is possible. One possibility is to couple jumps up and down in a non-uniform manner that is difficult to act.The second possibility is that the pair of oscillating clear smooth cycles up and down in the art. When a currency pair is oscillating it can be treated relatively easily. Just wait until it reaches the top or bottom of a cycle and deal with it when it starts to go the other direction. This happens very often instead Forex. When a currency pair is in a smooth oscillation even a beginner trader can trade these oscillating pairs very safe.
So now we have our foundation for trading spot forex. We shall always act with the trend.Companies trading with trends in the forex market will always have some degree of success. Consistent trade against the trend, or ignorance of the trend will result in consistent losing trades.
Spot Forex Trading - Trading with the Trend - Investment - Currency Trading