Forex for Beginners - How to Detect a Trend
How to detect a Trend in Forex is probably the most asking question that any trader ask themself.
It is not easy to know when to buy or when to sell not only in the Forex Markets but in any financial markets out there.
But still it is not impossible if you spend few minutes looking at the charts and knowing what to look for.
Two are the main trend you need to have on a chart : Uptrend and Downtrend.
If the trend is UP you must BUY !!!
If the trend is DOWN you must SELL !!!
Easy, isn't it?
If the trend is UP you must BUY at the LOWEST point of the trend.
If the trend is Down you must SELL at the HIGHEST point of the trend.
Still easy ? I hope so...
But probably i have jumped to much ahead of the main title of this blog: How to Detect a Trend?
Many people, or lets say many beginners use the smart phone to "play" in Forex. WRONG !
You must have a pc or a laptop because you must have a bigger view of what is going on.
You must have more than a time frame in front of you to see the main trend of any pairs or any markets.
You cannot use a smart phone to switch from a time frame to another looking for a trend. You will get stressed and to operate in a such difficult world you must be concentrated to know what to do.
So first use a bigger screen to look at the charts, many charts and then you move forward for a trend.
You
must already know that are at least nine time frame where on each of
them you have a slice of the cake. They all move in a certain direction
which will determine a trend.
Now to know how to exactly enter a trend is what i am going to teach you.
If you what to know how to do it, leave a comment and you email address and will be back to you.
ONLY IF YOU ARE SERIOUSLY INTERESTED, PLEASE !!! THANK YOU....
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