文档介绍：Reprinted from Technical Analysis of STOCKS & COMMODITIES magazine. © 2004 Technical Analysis Inc., (800) 832-4642,
FOREX MARKETS
Know Them, Profit From Them
Make The Trend
Your Friend In Forex
So you didn’t see that last headline-grabbing market
ing? Here are some techniques you can use
to make sure you’ll be prepared next time.
by h Agostino and Brian Dolan
the many market sayings that trad-
ers throw around, none may be
more overused and less understood
Of than the adage “The trend is your
friend.” All too often, the phrase is
used after a trader has taken a countertrend position
and subsequently been stopped out at a loss. At this
point, remorse sets in, and most traders kick them-
selves not only for having lost on a countertrend trade
but also for not having caught the latest move in the
trend itself.
To avoid this all-mon scenario, let us
suggest using several technical tools to identify
whether a trend is in place, and then additional
indicators to help maximize trading profits. Having JESSICA MAZURKIEWICZ
a strategy in place to identify trends is essential to
essful trading in any market, but especially so in simple definition is so broad as to be almost mean-
the case of the foreign exchange (forex) markets. ingless. For our purposes, a trend should be defined
Currencies have a greater tendency to move in trends as a predictable