How to know when trend is not your friend?

How to know when trend is not your friend? In this article I will throw more light on it, well often heard that trend is your friend right? But no one ever tells you when the trend is never your friend!

Now there are many situations where the trend will never be your friend, well to be honest with you, not all the time trend will be in your favor, moreover.

Every average trader want to ride the trend even you reading this article probably want to ride the trend! Why people or better still traders also prefer to ride trend?

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What is Forex?
What is Forex?

How to know when trend is not your friend?

I will answer this right now, the trend has more juice than regular trading if you chose to ride a trend is simply because the trend has more pips and profit to catch simply riding it to the top or bottom! Well, when you hear about the trend! You always think is up direction right?

Oh no far from it, a trend can be up or down, but many traders out there always think that a trend is always in the up direction! Now let me clear this straight!

We have an uptrend that is when the buyers in position or the buyers are in power and probably no sellers or we have little sellers in the market at that time.

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How to know when trend is not your friend?

A downtrend is when we have more sellers in control of the market and probably we have few or no buyers at all, now that you know some basic truth about trends get ready to start making cool cash forex trading! Smile! Well back to why we are here! 

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How to know when trend is not your friend, yes! To discover when the trend will not welcome you as a forex trader whether you are a new or professional trader is this! When the trend is approaching a certain key level believe me is no longer your friend.

And I will suggest as a forex trader all have to do when you are riding a trend on getting closer to define key level, what is define key level? That will be another article!

You have to exit the trade and go with your profits, failure to do so will affect you later because it will certainly reverse on getting to a defined key level

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How to identify a trend?

Identifying a trend is not that difficult the way you think! Well to identify a trend all you need to look out for is when a trend is starting from a well define key level, what I mean is this if a trend hit a support or resistance level and cannot break through then when the trend picks a new direction you simply ride it, that is it, and that is how to identify a trend.

How to know when trend is not your friend?

How to know when a trend is ending?

Well this is likely question many traders do ask, to know when the trend is ending is very simple, all you need to check out for is the possibility of the trend approaching a well define key level if you discover the trend coming close to a key level the probability of the trend ending is equal to 98% yes that is how to determine if a trend will end or not, and remember to always stick to this simple rules.

What time is favorable to ride a trend?

Well, let me give you an insight! The favorable time to ride a trend is quite simple, to start riding a trend at a right time is by waiting patiently for the trend to hit a defined key level and reverse, and immediately the trend reverse go in straight in the trend direction.

Also have in mind to introduce the proper use of stop levels, and to be honest with you some trend can go up to a reasonable 400 to 500 pips in a single ride!

Yes, you heard me right! We have in the industry today lots and lots of traders who only trade the trend and nothing else! Well, you can as well try it! There is no harm in trying at all.

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What do I do if the trend reverses at me?

Yes, this is probably one of the best questions I will like newbies or beginners to ask! If a trend reverses back after all the precautions you followed no problem at all, all you need to do is always introduce the use of stop-loss in any of your trading steps.

Stop loss can help you cut the loss on time, and stop-loss is what the professional traders are using to cut loss in no time, and if you want to be successful trading forex for sure you will like to use stop loss.

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How to know when trend is not your friend?

Steps to trend following

We at joebenz.com will like to share some steps when you are following or riding a trend! The first thing you need to do is apply the use of trailing stop loss, what is trailing stop loss? This will be another article and make sure you don’t miss it.

Well the trailing stop loss will help you to luck in your profit as the trend proceed up or down, so if the trend eventually reverses and hit your trailing stop you will still be in the money, if you know how important trailing stop is for sure you will always use it while riding a trend.

Never lose hope riding or following a trend! You can do it, well take your time and probably you can start learning how to follow or ride a trend using a demo account.

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Is it true I can make money riding trend?

Yes, it is very much true to make a decent amount of money simply riding trend! We at joebenz.com have proven that already!

I have a YouTube that you will probably don’t want to miss so I will like to go and subscribe and hit on that bell notification icon so you never miss any of my future videos again.

As for the money you will make simply following a trend has no limit at all! And anything with a positive side also has a negative side that is simply the fact of life!

As you think of making money following or riding a trend you could also lose lots of money if your calculation is wrong! I have lots of videos on my channel you probably don’t want to miss.

How to know when trend is not your friend?

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Conclusion

To dictate when a trend is not your friend is easy, remember what I said earlier that when a trend will no longer be your friend is when the trend is approaching defined key levels, well if you notice as a trader a trend is approaching a defined key level do not enter any trade at that time!

I do consider the strength of the trend also, many traders over those simple steps to follow nonetheless those step will swipe away a lot of tears from you, remember to keep it simple, and I just hope this article will go a long way in your life!

If you want to get more value from me about forex on a video, strategies and indicators subscribe to my YouTube channel Joseph Benson Click Here if you have any comment please you can drop it in the comment section below thank you so much, hope to see you next article bye-bye, with much love from Joseph Benson

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