How To Build A Trend Following Forex Strategy?

Trend trading is what makes the most pips for traders. Trends don’t develop all of a sudden. Trends develop for a reason perhaps due to shift in the economy’s fundamentals. You should read this good article on DailyFX that shows how to build and trade a trend following strategy. Always use a multiple timeframe strategy when trading trends. An uptrend on M15 might just be a retracement when it comes to the downtrend on H4. It is always a good idea to first take a look at the weekly charts and determine the direction of the market on the weekly chart before moving to the daily chart and then to the 4 hourly chart.

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