2 Days Left: Save 25% Off Life-Time Membership To Nial Fuller's Pro Trading Course & Trade Ideas Newsletter, Ends November 30th -. Through my 15+ years experience in trading, I have discovered that when it comes to identifying the trend of a market, there is no magical tool, no indicator and no set of rules that always work. As traders, despite our best efforts to analyze the charts and carefully determine a bias on the charts and trade in-line with the trend of the market, ultimately the direction of the market can quickly change at any time. If things don’t go to plan, we should use the benefit of hindsight analysis to dissect the chart and figure out what we initially missed and what went wrong. Just remember that this isn’t an exact science, and sometimes, despite our best efforts to make sense of the charts, the market will just move in the opposite direction. Don’t beat yourself up. To be clear, trend analysis is only one part of the overall trading strategy I employ to enter and exit trades. Determining The Direction Of The Trend On Forex RateDetermining The Direction Of The Trend On Forex MoneyHi guys, I just start a trading discussion about what the best method to identify trend. We know there are three type of trend: 1. Down Trend 3. How we identify Trend? Thanks in Advanced. Channels and trend lines are another way of identifying the direction of a trend and they can also help you understand range markets much better. Whereas moving averages and the analysis of highs and lows can also be used during early trend stages, trendlines are better suited for later trend stages because you need at least 2 touch-points (better 3) to draw a trendline. Determining the Forex market trend is very important for successful trading. Indicators help traders determine the price direction of the market. One of the most commonly used indicators is the Moving Average.
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