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Chapter 1: Why Forex Trend Line Strategy?
Thks for purchasing a copy of my forex trend line strategy and I am sure that you will learn a lot from this book. What you are going to learn in this book takes me years of practicing and fine tuning to formulate. However what you learn in this book is not restricted to just trading the forex trend line strategy; in fact, you will be able to use what you have learned in this book to improve the accuracy of any trading strategy.
So Why Did I Formulate This Forex Trend Line Strategy?
Trend line forms the foundation to a good technical analysis. The purpose of drawing trend line is to show you areas of support and resistance where the bulls and bears fought with each other. With this information, you can better decide whether you should buy or sell a currency pair. Being a technical trader, you must definitely know how to draw a proper trend line that can help you in your trading. Similarly drawing an incorrect trend line can prove to be a disaster for your trading as well.
As I continue to explore into trend lines, I find out that not all of them are equally strong and there are some that are worth noticing while there are some that are totally useless. Since then I decided to find out how to identify those that are more significant and then use them in my trading. Therefore this is also what you are going to learn in this book.
Some of you may find trend line drawing too basic to learn but it is usually things that appear to be basic which cause you your hard earn money. Most people thought that trend line is all about connecting various swing highs or swing lows. In fact, there are a lot of ways you can make use of trend line in your trading and this is exactly what you are going to learn in this book.
Trend Line Trading Strategy
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