Trend trading is a strategy that involves identifying and following the prevailing market direction over time. Instead of focusing on quick profits, trend traders ride the waves of price momentum, buying in an uptrend and selling or shorting during downtrends. This approach relies heavily on technical indicators like moving averages and trendlines to confirm the direction. Patience is key, as trend trading can last days, weeks, or even months. By aligning your trades with the overall market trend, you increase your chances of success while reducing the noise from minor price fluctuations.
