These days, it seems like everyone is learning to trade Forex wit the help of textbooks written by Elder, Williams and Shwager and Murphy. These guys are believed to be trading gurus, which is probably the case. Still, most of such students start losing on a regular basis when trying to put the acquired knowledge into practice. The army of losers is growing…
What is the reason for it? What lesson should beginning traders learn in order to stop loosing and start winning? How to find those unbeatable techniques to show consistent trading results on a regular basis? Masterforex-V Academy knows the answers…
If You Cannot Define the Trend, Stay Away…
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, everyone seems to have his/her own understanding of a trend. On top of that, the classic notion of a trend used in all the classic textbooks is outdated.
The thing is that Charles Dow’s explanation of a trend is unclear and outdated. He says that any trend implies a directional movement when every following high is higher than the preceding one (the same holds true for the bearish trend).
The thing is that in reality the price makes such “perfect” trends very rarely.
For example, Alexander Elder cites the following example of a trend reversal. However, such cases are scanty.
OK, now let’s try to define the trend in the chart below:
?
Take your time to think about the direction of the trend! This is the key factor to be able to make decent trading decisions!
Masterforex-V Academy conducts free webinars dedicated to different aspects of successful Forex trading.
Those who come to the webinars find out how to avoid joining the army of losers through learning how to define the real direction of the trend 100% of the time.
It is always funny to read some experienced traders when they say that it is contemporary financial markets show trends rarely. That is why thousands of beginners keep loosing money in financial markets.
The thing is that in trading and other aspects of life it is necessary to define and clearly see the goals. When others succeed and share their success with others, it is always motivating and reassuring.
That is why it is common practice in Masterforex-V Academy to post statements for live accounts. For example, some Russian traders that have been students of Masterforex-V Academy for 6 months, share their achievement with others and express gratitude to their mentors.
The bottom line is that a trend is a directional move between 2 reversal patterns!
Any trend has momentums and corrections. It is like a complicated set of zig-zag moves.
In order to avoid losing money, it is necessary to abstain from setting stop-loss orders the classic way (the way it is don in most classic textbooks on Forex trading).
It is always vital to understand WHY those guys lose! If you want to learn more details and secret tips and techniques, please visit the webinars arranged by Masterforex-V Academy! Good trading!
