Forex Market Trend is the price that moves in one direction. Trend is very useful for determining the position in the trade, whether selling or buying. As we previously knew, Forex trading only has 2 positions of Buy and Sell. Thus, the trend also has 2 types of uptrend and downtrend.
In Forex Reality, we can benefit both the price moves up or down, the key we must make the right decision. Buy at the lowest price and sell at the highest price. The point is, buy if we predict prices will go up, and sell if we predict price will go down. If you are wrong in making a decision, you will lose your money. How much? Depending on you, how much you are prepared to bear losses. If that loss is not in a state fair, then you should immediately close your transaction and save the rest of your funds. Keep in mind again, buy the when uptrend occurs, and sell when the downtrend occurs. Deal?
So, determining and knowing the market trend is very very very important. If you ignore the trend of the forex market, your trading is not much different from gambling, the impact you will be a market loser, kicked hard by the market and felt sick for days or even months. Depending on how much you lose your money. Lol. do not let it happen.
There are ways to know a forex market trend. The analysts prefer to use indicators such as Moving Average and Parabolic SAR. Well, we will not discuss it here. Some of the indicators I will explain in front of the class, the class of technical analysis. For now, just you know that in the forex market has a trend that will make you rich or poor (poor if you are against the current trend).
Oops, almost forgot. Besides trend, there is the situation that price is not moving up and down and just being in that area alone. This situation is called Sideways. In such a market situation, is not good to sell or buy because it will just spend the patience, and grind your emotions. Sideways situation occurs when a European or American markets were closed. Or it could be the buyers and sellers are waiting for big news that will be released. My advice, avoid that situation.
In Forex Reality, we can benefit both the price moves up or down, the key we must make the right decision. Buy at the lowest price and sell at the highest price. The point is, buy if we predict prices will go up, and sell if we predict price will go down. If you are wrong in making a decision, you will lose your money. How much? Depending on you, how much you are prepared to bear losses. If that loss is not in a state fair, then you should immediately close your transaction and save the rest of your funds. Keep in mind again, buy the when uptrend occurs, and sell when the downtrend occurs. Deal?
So, determining and knowing the market trend is very very very important. If you ignore the trend of the forex market, your trading is not much different from gambling, the impact you will be a market loser, kicked hard by the market and felt sick for days or even months. Depending on how much you lose your money. Lol. do not let it happen.
There are ways to know a forex market trend. The analysts prefer to use indicators such as Moving Average and Parabolic SAR. Well, we will not discuss it here. Some of the indicators I will explain in front of the class, the class of technical analysis. For now, just you know that in the forex market has a trend that will make you rich or poor (poor if you are against the current trend).
Oops, almost forgot. Besides trend, there is the situation that price is not moving up and down and just being in that area alone. This situation is called Sideways. In such a market situation, is not good to sell or buy because it will just spend the patience, and grind your emotions. Sideways situation occurs when a European or American markets were closed. Or it could be the buyers and sellers are waiting for big news that will be released. My advice, avoid that situation.
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