What is a trend? It is the general direction which a financial market develops. There are three types of trend within the market: primary, secondary and minor. The primary trend is the major trend lasting at least six months. The Dow Theory describes the secondary trend as a market movement lasting from three weeks to three months. Minor trends have a short life span stretching from minutes to several hours. In financial markets, price tends to move in a series of zigzags forming waves. These waves constitute a market trend. Trending markets are easy to identify, do not try to complicate things. You do not need indicators to determine if the market is bullish or bearish in nature. Remember to always trade with the trend. If the market is bullish, then look for buying opportunities and if the market is bearish then look for selling opportunities. " Buy things that are going up. Sell things that are going down. And when they stop, get out! " – Rob Smith The ...
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