FX Trading Guide:
4 Simple Ways to Spot a Trend
JON MCFARLANE AND VERNON LEES
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© BetOnMarkets 2011
Foreword
We wrote this guide to give people wanting to trade Financial Fixed Odds some simple tools and disciplines to produce consistent profits in their trading. While no guide can guarantee profits, if you follow the simple steps we’ve outlined, you’ll have a firmer base on which to build your fixed odds trading skills. We hope you enjoy the guide and find it easy to follow. And we hope you can use the ideas in it to make consistent fixed odds trading profits.
Jon McFarlane & Vernon Lees
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© BetOnMarkets 2011
Trading the Trend Strategy
This strategy for fixed odds trading is designed for once a day, set & forget trading. You need only check your charts and the strategies once a day. If an opportunity is present and you have a valid set-up, you can place your trade with BetOnMarkets and walk away. Over time, you will become familiar with the basic signals described in this strategy across your markets of choice. You can use it “as is” or alternatively you may want to enhance it based upon your own personal trading approach and experience. Trend trading is a common Forex trading strategy and is particularly suited to fixed odds. When you identify a trend, there are many ways in which you can profit from it due to the range of available bets. Trends tend to persist over long time periods so the key to maximizing profits is to identify them early and exploit them to their fullest. A single trend can yield multiple trading opportunities. While it is beneficial to identify trends early to give yourself the maximum opportunity to trade them, it is safest to seek confirmation first before trading.
Basic Trend Identification
Identifying trends is a fundamental yet simple concept. It can be used as a profitable trading strategy in its own right. Trends are a key concept in markets and are particularly important in fixed odds trading. They...