Today i will share with you guys about TREND...
What is TREND in forex market? How we can use TREND in forex market to make profits?
If you want to make any decisions either you want to make BUY order or SELL order in forex market, the first things you should see is the TREND market.
TREND will help you to make any decisions in the market.
- You will make Buy order if you saw an UPTREND(UT) in the market.
- You will make Sell order if you saw the DOWNTREND(DT) in the market.
The basic way to know the trend is look for the market structure... In the market you can see the up & down movements that's will created the peak & the valley. These peak and valley we will call it High for Peak & LOW for the valley.
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| Chart 1 |
In the Chart 1 above, I've labeled some high & low for you.
As you can see, some high makes higher high, lower high, higher low & lower low.
These patterns we will use it to define an UPTREND or DOWNTREND market. How is it?
If you saw the market structure make a complete higher set which is Higher High & Higher Low. Then the market is in UPTREND movement.
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| UPTREND MARKET |
So, if you saw the market structure makes complete lower set which is Lower High & Lower Low. It's means the market is in DOWNTREND market.
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| DOWNTREND MARKET |
Ok now... How we can makes profits in these scenario???
As simple as if you find an uptrend market, then you should make BUY order and if you find a downtrend market, then you should make SELL order. That's how you can makes profit by using trend as your indicator to predict the market & make some profits on it.
In forex market, it's not simple to get the profits. We need to dig deeper to get a good result in trading. But in my chart as you can see, it makes profit right? When the market in in trending then you can make profits on it....
Next post i will share more about the trend and we will discuss more futher about TREND in forex.
See you in next post....
I already labeled my post as market trend & you can click on market trend label to see all post about trend.
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