By Joe Joson
February 1, 2013
I love UP TRENDS so I am posting this nice up trending entity . Trends are my friends but I just like 'climbing the hills' and reaping the fruits as I go .
So , take a look at this nice up trending baby and tell me what you think... long term.
In
currency trading , one can ride the trend whether it is a down trend
or up and make a profit. If the trend is up and you place a BUY, when
the entity does go up , you win. When the trend is down and you SHORT
it , meaning you place a SELL position and the entity goes down , you
win.
Very
short term downtrends are driven by folks rushing to the door in panic
. Shorts are the name of the game in this scenario. Not a place for
rookies like you and me. We get ran over , killed. Long term and easy
down trends could be for us.
But then again , I love UP TRENDS so for the most part I ride these kinds of PAIRS or Forex entities.
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