317: Is The Trend Really Your Friend? - The answer may surprise you - ft. Michael Toma
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
English - September 27, 2021 08:00 - 25 minutes - 47.3 MB - ★★★★★ - 56 ratingsInvesting Business Education desiretotrade forex futures investing learntotrade motivation stockmarket stocktrading trading Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Is The Trend Really Your Friend? - The answer may surprise you
In episode 317 of the Desire To Trade Podcast, I sit down with Michael Toma, we discuss whether the trend really is your friend or not. Feel free to comment below with your questions to have answered during the live stream. We share an example when the trend is not your friend using Bollinger Bands and how to trade it in a reversal trading strategy.
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Topics Covered In This Episode 0:15 Introduction 0:45 Why the trend may not your friend 3:07 Statistical analysis about trending markets 5:14 Does trend trading help you "follow the big money"? 8:06 Why reversal trading may be for you 9:53 How to know when to do trend trading vs reversal trading 12:22 Results from studies about market movements 13:58 Chart examples for trending and consolidating markets (watch on youtube and below) 19:06 Why traders fail prop firm challenges 20:01 Why you should try to trade both trend and reversal as a trader 20:46 The importance of recognizing that you need to adapt to different markets 21:50 How can you figure out what type of markets work best for you as a trader 23:28 Do forex market trends more than futures? and much moreWhat is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
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What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!