📘 Lesson 1: Know the Trend Before Trading
One of the biggest mistakes made by new traders is trading against the trend. It's like swimming against the current - possible, but exhausting and risky!
🔍 How to Identify the Trend
✅ Use moving averages (like the 50 and 200 exponential moving averages)
✅ Check higher time frames (daily or 4-hour for more clarity)
✅ Ensure trading volume - is it increasing with the movement?
📈 Uptrend? Look for buying/holding opportunities.
📉 Downtrend? Look for selling/short selling setups.
⏸️ No clear trend? Stay away or opt for low-risk options!
💡 Professional Tip: "The trend is your friend until it bends."
Master this and you'll have won half the battle. Stay tuned for Lesson 2 tomorrow 🔥
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