Momentum trading is a technique for buying and selling of the stocks as per the recent trends of the price. In financial markets, the momentum is determined by factors like price change rate and trading volume. The traders move forward with a concept that the asset price moving towards the given direction will continue its movement until there is a loss of strength in the ongoing trend.
How did the concept begin?
Momentum trading has been into operation for centuries. David Ricardo was a well-known British economist and used to practice momentum trading in the late 1700s. The basic fundamental … Read More