forex trading strategies – Trend Trading
use our most profitable trend system until now:http://www.rohaizad.org/forextrendy
Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That’s 34 x 9 = 306 charts. Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
Learn more here:http://www.rohaizad.org/forextrendy
Forex trading is the buying/selling of currencies in one of the largest financial markets in the world, with an average daily turnover reaching $4 trillion in April 2010. Forex trading works much like it does with other instruments like stocks/options/futures – buy low and sell high, markets are open 24 hours a day from Sunday to Friday, following the sun from trading centers in Tokyo to London to New York and then back again to Tokyo.
When identifying trading opportunities, traders should follow two basic guidelines. First, identify the direction of the trend. If the market is trending up, look for buying (long) opportunities. If the market is trending down, look for selling (short) opportunities. The second guideline is to identify the best time to sell (exit), and when to buy (entry). In this video we cover 3 simple Forex trading strategies illustrating forex fundamentals such as chart setup and entry/exit plans. New traders tend to clutter the charts with signals and data, key is to not focus on everything but keep it simple.