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#Chapter2 : Trend Trading .
Traders first priority is to take a trade basis the trend. Trend in simple terms means, following the direction of the Market.
Which also means, being with the forces who create the direction, who drive the prices, who move the market, SmartMoney.
Traders first priority is to take a trade basis the trend. Trend in simple terms means, following the direction of the Market.
Which also means, being with the forces who create the direction, who drive the prices, who move the market, SmartMoney.
What is Smart Money ?
Traders Small or Big who buy or sell in large quantities and have the money power to play with prices by buying or selling at important price points.
They decide if the Price is Undervalued for a Buying Opportunity or Over Valued for Selling Opportunity.
Traders Small or Big who buy or sell in large quantities and have the money power to play with prices by buying or selling at important price points.
They decide if the Price is Undervalued for a Buying Opportunity or Over Valued for Selling Opportunity.
As the Buying or Selling happens in Bulk, their Profitability depends on How far they can push the price, so that they can cover whole of their orders with out loosing much.
They have the power to hold positions and keep rolling it over for Years or Decades if they decide to do.
They have the power to hold positions and keep rolling it over for Years or Decades if they decide to do.
