Posted: March 17, 2009 | Categories: Forex Trading Systems
It is a fact that as a trend trader you are going to generate a large number of losing trades before having a profitable trade.
The trend trader continues to enter, anticipating price will moving in a one direction for an extended period of time. If not, he is out of the market.
The reality is that a number of losses will occur before price finally moves in the direction anticipated.
Why? Trends occur roughly only 20% of the time. The remaining 80% of the time, price is range bound.
Range traders do not care about direction. Remember, the majority of time market is range bound.
Range bound traders look for smaller moves that occur frequently. Trend traders wait for larger moves that occur infrequently.
What is the reality for most individuals? They want consistent short-term cash flow.
The fact is, most people are more suited for sideways or range bound trading. It requires less capital, less time and offers more frequent opportunities to make a profit.
Learn how to trade this consistent profitable condition that occurs in the market practically every day using The Forex Trading Institute’s scalping methodology.
To learn more, attend a free live trading session.
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