Sunday, May 6, 2007

CONCEPT OF TREND FOLLOWING

COMPONENTS OF TREND FOLLOWING

Van K Tharp said, Every traders need a trend to make money. If you think about it, no matter what technique, if there is not a trend after you buy, then you are not able to sell at a higher prices.

"Following" is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then follow it.

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