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Boost forex profits with forex trendy software


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Forex Trendy is flexible software that helps traders in monitoring their foreign trade. This tool is perfect for anyone in the forex market as it allows everyone to instantly collect and determine data faster than humans. Easy to understand and analyze! Access anywhere and anytime! Filter options are available to control the monitor specific markets and time periods.

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Boost forex profits with forex trendy software

  1. 1. Money Self Service
  2. 2. What is Forex Trading? The forex trading market is the most liquid of the financial markets. It consists of all aspects of buying, selling and exchanging currencies. Volatility of forex market lets traders to take benefit of exchanging rate fluctuations for speculative purposes. The foreign trading market generally works through financial institutions and it operates on several levels. It helps international trade and investments by enabling currency conversion. Foreign Exchange trading is actually done through a broker or market maker.
  3. 3. The Myth of Forex Market Trend Trend following has been the best trading style for last 30 years. No one is following the "buy and hold" strategy which was popular a decade ago. There is hardly any forex market that clearly follows overall trend direction. You can follow the temporary foreign exchange trend only if you need to determine the trend correctly. It is important to know and understand the market and how well the market is trending to avoid short-term foreign exchange trends.
  4. 4. How to Determine the Forex Trend? Most of the people learn from their mistakes but smart people generally learn from the mistakes of others. If strong uptrend is seen, it is the stage of maximum profit. But the forex trend doesn't last forever and you can have bad luck by entering the foreign exchange market at the end of the trend. In order to find the real and reliable trend, it is important to know and understand the "trend reliability".
  5. 5. How to Determine the Trend Drawdown? Trend drawdown is the best way to analyze the trend reliability. It helps you to determine how deep the price went against the current trend. The lower trend drawdown implies the more reliable trend which leads to greater success rate and more consistent profit.
  6. 6. How to Draw Trend Lines? Trend lines represent connecting several highs and lows. Without accurate understanding and information, one cannot consider trend lines. The upper trend line connects at least two lower highs and the lower trend line connects at least two higher lows. 50 to 60 bars represent a good trend line. The upper and lower trend lines should converge so that the price is being squeezed. Trend is your friend! So, be sure to keep your forex trend simple.
  7. 7. How to Trade Chart Patterns? Using "Stop Orders" and "Limit Orders" is the best way to enter the market. Place a Buy Stop just above the upper trend line if you trade a pattern in an uptrend. Reflecting the market volatility is the advanced approach. Place a Stop Loss just below the lower trend line. It reflects the current market volatility. There are two methods to find the Take Profit Level: · Projection method · Fibonacci method
  8. 8. How to Recognize Chart Patterns? Professional traders analyze chart patterns to determine reliable patterns. Forex Trendy is a reliable software solution that is able to recognize chart patterns on all charts. 34 Forex pairs x 9 time frames = 306 charts! Discover the most reliable chart patterns at the current time.
  9. 9. If you want to understand the basic and advanced forex trends, download e-book "Understanding The Myths of Market Trends and Patterns". Forex Trending is a reliable tool to reduce unnecessary losses and increase your odds of winning. This easy tool scans all currency pairs on all time frames to find the reliable trend for you. Understand and Determine the Forex Trend
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