Trend Trading Strategy involves using tools and features in order to identify and follow the direction of market trends.
Here are the steps:
1)Choose a market
2)Set up your chart
3)Add Trend-Following indicators
4)Define your trade
5) Placing the trade
In order to follow the market momentum, market have to move in sustained direction not just randoms ups and down but also aligning yourself with the prevailing market force in order to increase the odds of success.
Trend trading strategy provides clear rules for when to enter, exit, and manage risks which is easier to apply and learn consistently compared to more speculative or complex strategies.
This tends to work across markets and time frames effectively in stocks, crypto, forex, commodities virtually any market. Trend trading strategy filters out short-term volatility and helps avoid over trading, emotional decisions but also noise and false signals!!!
