#TrendTradingStrategy : How to earn on trends? 📈**
Trend is your friend! This strategy is based on following the current market movement.
**🔹 3 golden rules:**
1️⃣ **Determine the trend** (using moving averages, trend lines, ADX indicator)
2️⃣ **Enter on corrections** (pullbacks to support/resistance)
3️⃣ **Lock in profits** when the momentum weakens
**🔹 Key tools:**
• EMA(20)/EMA(50) for determining direction
• Fibonacci levels for entry points
• RSI for filtering overbought conditions
**🔹 Risks:**
False breakouts and sharp reversals — always use a stop-loss!
#Trading #Investing #Forex #Stocks