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Trend Following Trading v. Momentum Trading

Trend following trading and momentum trading are not the same style. Consider two papers from AQR: 1 (PDF) and 2 (PDF). The terms might imply something similar, but the strategies are wholly different.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

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