Too Long; Didn't Read
Viktor Kochetov is CEO at Kyrrex, a digital wallet and professional cryptocurrency trading platform. He explains the importance of trendwatching and analysis in the market. Trendwatching is a combination of intuition and science, he says. Trend is a certain market direction - uptrend, downtrend and sideways trend. In order to make money in financial markets a trader must have a clear idea of what a trend is, and even more necessarily, what is not, he writes. In this context, successful decision making, to a great extent, relies on the ability to detect an actual trend.