Printable View
Guo trend are determined by the general trend for a long time, such as daily, weekly or monthly
After that support and resistance points play a major role in determining the direction of the pair
Finally comes News and their impact on the strength of the trend.
i have using some indicator as well as....Bollinger bands and Parabolic SAR are two good indicators to determine trend direction. and also read the news. usually high impact news will create a new trend.
i use candlestick and trendline to identify the trend. sometimes my analysis is good but sometimes my analysis is bad. i still learn how to identify the trend better and better each day
i thik it is very difficult so i think with copmplete learn after learning we analyze the trend and i think we also need to avoid fear of doing trade and we need to take steps for avoid our emotional decisions. good trader is a trader who can control his emotions
I am beginner, thus most of the time i select the trend in wrong time. But, generally its excellent. usually, i exploit some indicators to search out the trend. Zigzag indicator is that the most typical indicator accustomed realize the trend.
I identify to the best way income source for Forex online then think that it is best way or good and true online income source but i am working in Forex.
we can identify the trend using weekly or daily chart and we can draw a line which called as trendline to identify whether the trend is up or down and we can make open position
I think currency trading is one of the most attractive for business learning. There are several techniques that can be used to find the exact price trends. It is the support or resistance point, then you will realize the specific input pattern.
If a trader needs to identify a true and good trend then he need to use some technical indicators and he need to choose the right time frame chart based on his trading style but higher time frame charts helps in giving better picture of the actual trend ...
how to identify a great way to trade forex it is one of them to be successful in forex trading, but we also need to understand the right way and can also be the best.