📊 The trend is your friend — a famous phrase in the trading world, summarizing the foundation of one of the strongest strategies: #TrendTradingStrategy 🔥
This strategy relies on a simple yet effective principle: follow the trend until proven otherwise.
Instead of trying to predict the bottom or top points, the trader deals with the market as it is, benefiting from the existing momentum whether in the upward or downward direction.
📈 In an upward trend: we buy on corrections.
📉 In a downward trend: we sell on retracements.
Tools like moving averages, trend lines, and the Relative Strength Index (RSI) are considered some of the most important confirmation tools in this strategy.
✅ What distinguishes the trend-following trading strategy is the reduction of false signals and achieving higher profits by riding the wave.
