FX Trend Following with ForexGen

The most lucrative form of trading is locking into and following long term trends in forex that can last for months or years. Most traders have no idea how to profit from forex trend following so we will show you how to do it in3 simple steps.

1. Be Selective
The first point to keep in mind is that the big trades don’t come around very often so you need to be patient and selective. You don’t get rewarded for trading frequently; you get rewarded for being right.
You can trade less than a dozen times a year and make triple digit gains, if you pick the right trades. So don’t be tempted to get in the market for the sake of it be patient.

2. Watch Breakouts
Forget buying low and selling high – most great trends start from new market highs and you have to be ready to buy these breaks.
If you wait for a pullback you will simply miss the best trends, because when a new trend breaks out - it moves quickly.

3. Use a Simple System
To trend follow and catch breakouts you don’t need a complicated system.
All you need to understand are basic trend lines and the concept of support and resistance and that’s it.
A simple forex trading system is best, as it’s easy to understand and easy to apply – if you complicate your system, it will be less robust and will have too many elements which will break in trading.

Partnership Programs

ForexGen believes in the power of partnership. For this reason, we have established a number of partnership programs through which you can use our good name and reputation in the world of online trading to advance your own business or further your revenues.

All partnership programs are based on the principle of mutual benefit. Whether you are referring other clients to our company, promoting our brand, offering our platform to your own clients, using our platform and other resources for training or other purposes, you will gain from it.

How Prices Really Move FX

We will going to look at how and why prices move and how to win. Most traders make the mistake of thinking prices move to news stories and try and trade them or to some scientific theory - they don't. foreign exchange prices are chaos - but that doesn't mean you can't win, you can and to do so, you must understand the key point of this article...

Here is the equation for market movement

Fundamentals (Supply and Demand) + Investor Perception of = Price

While the above sounds simple and it is most traders don't understand that the facts are NOT important it is how they are perceived by all the investors as a whole that is important.

Many people trade breaking news but it won't help you as it's discounted immediately and furthermore, investors are always looking to the future. To illustrate this think about this fact:

Market bottoms normally occur when the news is most bearish and market tops, when the news is most bullish.

The fundamentals are important long term - but in the short term prices are determined by the greed and fear of the investors, it's what they all think as group that determines price.