Forex Market Trend

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Thread: Forex Market Trend

  1. #1
    Junior Member
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    Cool Forex Market Trend

    Forex Market Trend
    Forex has become a sensational topic in business and commerce.

    This is because Forex promised substantial income. All you need to be a successful Forex trader is to always be smart and cautious in buying and selling the foreign currencies. A trader must take full responsibility for all decisions taken in the transaction. He can produce profit or loss. Both are like two sides of a coin. Traders should always be ready to follow market trend. Frequently, market moves do not fit the trend of the time. Market trend moves in only 30-50%. When the market remains silent or does not have a corresponding trend for a small movement, the traders cannot get the desired maximum profit. Most professional traders make profits only on the market with a big trend.

    While for novice traders, to identify the trend properly is very important. In Forex trading, there are three kinds of known trends, the trend up (up), trend down (down) and sideway (the price fluctuates within a certain range). To identify each trend, trader can use technical analysis or fundamental analysis. With technical analysis, trend identification can be performed using one of the indicators and by observing the movement of prices in each period of time. As for the fundamental analysis, the trend can be identified with news relating to the transaction currency. If you're still not sure what the trend is running, do not ever take the open position against the trend. Just follow the ongoing trend. Do not play on prediction, simply trade according to the long trend.

    Being a trader who is over-confidence by taking an opposite position with the trend is really not a right choice, especially for new traders. Open position against the trend often only leads to loss/ floating. Because of that, itís better to follow the trend and stop trading when the market is not moving. Though it is admittedly to be difficult, following the trend of the market can provide a steady profit even exceptional profit. Just be a smart and safe trader! Always identify the trend properly!



  2. #2
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    Aug 2012
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    yeah it is very nice information that Forex is becoming the most discussed topic for us especially we are discussions it in commerce and it the main business for our world now, it is giving income very much and in very pure way.. i think it has very bright future

  3. #3
    Moderator hunter's Avatar
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    Jun 2012
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    trend is our friend and by this friend we can earn some good money in forex market we always need to follow the market trend if we want to earn some good money.

  4. #4
    Senior Member
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    Dec 2017
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    It is necessary to use any tool wisely if it is like the indicators in forex trading. I am a scalper and for me, a transparent way of trading is very helpful. But the proper use of these indicators can be only happened by the help of a good broker like BPRIMES. An indicator is very helpful for traders to trade forex successfully. But it is always helpful to keep the level of indicators low. Because having too many indicators can make a trader confuse.

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