How to identify Trend and why it is important for profitable Trading

Understanding the trend is the most important aspect for a trader to make money in financial markets. While using tools of technical analysis like candlestick patterns and indicators, a prior knowledge of the basic trend of the market is vital to improve odds of success in trading. Let’s get started and first understand what is a trend.

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What is a Concept of Pyramiding

Pyramiding is a traditional trading strategy of increasing a position size by using margin from unrealized gains. Put simply, Pyramiding means that you add to an existing position as soon as price moves in your favor. A trader would then start with a small initial position and as the trade unfolds add to his winners and slowly develop a bigger position.

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An Introduction to Price Action Trading Strategies

What is Price Action?

Price action trading means basing your trading decisions on the price movements of an asset. You won’t work with indicators or other methods of analysis, or you’ll give them very little weight in the trading decision process. Price action traders believe that trades need to be made on the most important and up-to-date information, which they hold to be the current price as well as price history of a particular security.

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