Trend line is the best Holy Grails
I have some experience in Forex a fews years but what is can find out is only trend following that can help you to make money in forex it is traditional strategies but it still popular for all trader who are using trend following.
In forex trading Trend is King. so please don’t try to find other indicator who will make you more complicated.
Following trend is good so don’t forget your basic step before you going to other e-learning.
Regard,Chan Dararith
You’ve made a good point. Trend lines are essential, no doubt. Likewise indicators can help to identify trends or price direction.
Lets pick “Indicator Momentum” for example. The indicator Momentum (Speed) measures value of the change in price for a certain period. This is important for a new trader since it helps to confirm the price direction or trend. This indicator is useful only for beginning traders who yet “don’t rely on their eyes” and they need confirmation, whether really the price goes up, and not down.
You can apply it to your chart and see the signals it provides. It could provide a Signal for buy and sell.
If you want to know about forex trend you can visit on the main website forex.com where you can get latest trend.
trading against the trend can be very rewarding too