5 Things Every Trader Needs to Know About Trend Forecasting
Trend followers in fashion can be fickle and flighty. It is tough to predict the whims of the fashionistas as to what the “hot colors” or who the “in designers” will be for next spring. And while it is also tough to know where IBM or AAPL stock will be trading a year from now, there are some basic truisms that trend forecasters can use that apply to all markets. Here are five basic concepts about trend forecasting that can help set you up to be potentially profitable in the markets.