Trend following is a trading strategy that takes advantage of market momentum. I use this method to analyze price action and trends to guide my trading decisions. This analysis typically includes a combination of technical analysis to examine price patterns, fundamental analysis to evaluate underlying economic factors, and advanced data modeling. By adjusting my trades with the current market direction, I aim to consistently profit from price movements.
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By focusing on market momentum, Iām harnessing the idea that trends typically continue, though they can occasionally reverse abruptly. Combining technical analysis, fundamental analysis, and data modeling offers a comprehensive perspective, which enhances the effectiveness of my trading strategy.
