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317: Is The Trend Really Your Friend? - The answer may surprise you - ft. Michael Toma

317: Is The Trend Really Your Friend? - The answer may surprise you - ft. Michael Toma

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders


317: Is The Trend Really Your Friend? - The answer may surprise you - ft. Michael Toma

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

ratings:
Length:
26 minutes
Released:
Sep 27, 2021
Format:
Podcast episode

Description

Is The Trend Really Your Friend? - The answer may surprise you In episode 317 of the Desire To Trade Podcast, I sit down with Michael Toma, we discuss whether the trend really is your friend or not. Feel free to comment below with your questions to have answered during the live stream. We share an example when the trend is not your friend using Bollinger Bands and how to trade it in a reversal trading strategy. Join our Ultimate Prop Firm Trading program Watch more videos featuring Michael Toma Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:45 Why the trend may not your friend 3:07 Statistical analysis about trending markets 5:14 Does trend trading help you "follow the big money"? 8:06 Why reversal trading may be for you 9:53 How to know when to do trend trading vs reversal trading 12:22 Results from studies about market movements 13:58 Chart examples for trending and consolidating markets (watch on youtube and below) 19:06 Why traders fail prop firm challenges 20:01 Why you should try to trade both trend and reversal as a trader 20:46 The importance of recognizing that you need to adapt to different markets 21:50 How can you figure out what type of markets work best for you as a trader 23:28 Do forex market trends more than futures? and much more What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned AUD/USD Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Michael Toma? MichaelToma.org email: michael@michaeltoma.org/ Join our Ultimate Prop Firm Trading program What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
Released:
Sep 27, 2021
Format:
Podcast episode

Titles in the series (100)

My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down. The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.