Let's say you're new to trending. You have a deposit - for example, $ 10,000 - which you are ready to invest in earnings. And you come to the market with one thought - how to make more money!
Stop!
The first question that you should ask yourself before starting trading is: "How not to lose the money you already have?"
Risk management will help you with this....
Trend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs.
The market moves in three directions:
1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long”
2....