Simple Trading – Trend Trading Course

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Learn how to spot trend trading signals and build a profitable trend trading strategy. In this guide, you’ll learn how to identify a trend in real-time and follow the trend successfully. After you master the trend with proper training, you will also be able to spot changes in the trend direction. As a bonus, we’re also going to reveal some secrets to successfully counter trend trade.

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Identifying a trend after the fact is easy. The struggle comes when you try to identify a trend as it’s developing. A lot of the trend trading books will only teach you how to spot the trend when we’re already midway through it.

That’s not an ideal trade scenario!

Michael Covel a bestselling author is the biggest proponent of trading with the trend. “The Complete TurtleTrader,” and “Trend Commandments – Trading for Exceptional Returns” covers strong evidence of how one can become a millionaire by simply following the trend.

Keep it simple and trade with the trade seems to be the devise of many successful traders.

For those of you who want to learn how to trade with the trend keep reading on.

We’re going to start with the basic principles of trend trading and then move forward with some trend rules to help you ride the market trends like a pro.

Table of Contents

1 What is Trend Trading?

2 Why use Trend Trading?

3 Trend Trading Indicators

4 How to Trade Trends – Trend Trading Strategies

5 Counter Trend Trading Strategy

6 Final Words – Best Day Trading Stocks

What is Trend Trading?

Trend trading is a methodology that aims to make a profit through the examination of an instrument’s momentum in a particular direction. When the predominant price move is showing a particular direction, either up or down, that is called a trend.

How to define a trend?

The standard definition of a trend, according to the Dow theory is a series of higher highs followed by a series of higher lows which defines an uptrend. Conversely, a series of lower lows followed by a series of lower highs defines a downtrend.

This implies that the trend never moves in a straight line.

But, the trend takes the shape of a zigzag movement.

Our little slogan inspiration for traders is “keep it simple, stupid!”or KISS.

We don’t believe making trading more complicated than it already is.

So, here is the rule of thumb to identify the market trend with your naked eye:

• If you see on your chart screen the price rising from the bottom left corner to the upper right corner that’s an uptrend or bullish trend.
• If you see on your chart screen the price falling from the upper left corner to the bottom right corner that’s downtrend or a bearish trend.
• If you see on your chart screen the price moving up and down all over the place, we’re most likely inside a consolidation period. In this case there is no trend going on.

This is the basics of trend trading.

Now, let’s see the importance of trading with the trend:

Why use Trend Trading?

If you want to learn how to invest in stocks, or how to trade Forex, you need to have these skills to detect the trend direction. It doesn’t really matter if you’re a swing trader, or a scalper, or a day trader.

No matter of your preferred time frame you need a trend to be put in motion if you want to make a profit.

The scale of the trend doesn’t really matter.

However, the bigger the time frame, the stronger the trend is.

That’s where the expression “the trend is your friend” comes from.

This expression has been the core stone of many trading strategies.

Trading with the trend gives you the advantage of eliminating some of the flaws that inherently all trading strategies have.

We haven’t found the perfect trading strategy yet.

Maybe you have found it!

But a 100% win ratio trading strategy is a myth.

So, as long as you trade in the direction of the trend, even if you’re wrong on your timing, the forces that drive the trend will ultimately work in your favor and eliminate some of the risk.

Everything will fall into place when you trade with the trend.

Secondly, identifying strong trends can lead to potentially make bigger profits.

There are more pips available in the direction of the trend than counter trading.

Please notice the difference of the available pips when trading with the trend compared when you go against the trend.

Pretty obvious which side the winners are.

Ever wondered how to use trend indicators to generate buy and sell trade setups?

Let’s see what are the best trend indicators to identify the direction of the trend…

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