Most often, beginner traders consider trading the trend to be a complicated process. Today, we are looking into a simple but efficient strategy called Surfing. Using such a strategy, any trader can pretend a surfer catching a wave to ride. However, here we will not just ride the market waves but will try to make a profit on their peculiar movements.
Tag: trading the trend
A trend is defined as a sequence of maximums and minimums. If we say that there is a bullish trend on the market, it means that every next maximum is higher than the previous one and every next minimum is also higher than the previous one. In this case only, we may presume that the trend is ascending and try buying.