SECRETLY IDENTIFY MARKET TRENDS IN TRADING: In trading, the trend is the most important thing (Unlimited Guide to Winning the Market Book 1) by VU BA LOI
English | 2022 | ISBN: N/A | ASIN: B0BBDK2Y68 | 165 pages | EPUB | 3.80 Mb
English | 2022 | ISBN: N/A | ASIN: B0BBDK2Y68 | 165 pages | EPUB | 3.80 Mb
IN TRADING, THE TREND IS THE MOST IMPORTANT THING
Market trend is simply the ability of the market to go up or down. When trading we always question whether the market is likely to rise or fall.
Answering that question means that we have solved half of the work before placing the trading order, the rest is where we place the order, how and when. Identifying market trends determines our success or failure in trading. If you are adept at assessing market trends and demystifying each and every circumstance of price action, then you have countless ways to trade profitably in this market.
However, it is not easy to answer the question of how the market trend is doing just by observing subjectively and qualitatively. Because the market is constantly changing and many times we feel like the chart in front of us is always deceiving us. But don't blame it. We are part of the market and have no choice but to accept it. But our task is to adapt, to follow the market, the market pays our profits like a boss pays the workers. So let's stick to the market but don't force the market to follow us because that's impossible.
The market has to fool traders selling down to go up and fool traders buying up to go down (creating liquidity)..
In any uptrend or downtrend of the market, it also has to go through many waves up and down. In an uptrend, we have larger bullish waves than downtrends and conversely in a downtrend we have larger downtrends than uptrends.
In an uptrend, a bearish wave will bring inexperienced traders into the market with a short position and then rally again. On the contrary, in a downtrend, an uptrend traps traders who follow the buying trend to enter the market and then fall back. The market must always have winners and losers.
When faced with the ever-changing market and thinking that they always deceive us, how do we deal with the trend identification of the market?
The key to the question will be solved in this book and we will understand the difference between the concept of “market bias” and “trend”. In this book I will use it flexibly but with slight differences between them.
In this episode we will learn how to identify the trend of the market. My way is to use pure price action and watch the market waves with drawing trend lines. You will learn the basic steps and concepts of conducting a market trend assessment. Towards the end of the book, you will be more clear and understand each issue to assist you in identifying and evaluating market trends.
Here’s a glimpse of what you’ll learn:
The best part?
Can apply identify market trends with price action trading across different markets.
So whether you’re a forex trader, day trader, stock trader, or cryptocurrency trader—you can adopt price action trading and improve your trading results.
Sounds good?
Then get your copy of Secretly identify market trends in trading
now.
Feel Free to contact me for book requests, informations or feedbacks.
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Thanks For Buying Premium From My Links For Support