Learn the main secret of a successful business.
How to become a successful businessman? All you need to do to succeed is to imbue with the idea of ​​business, plunge into it with your head. Until a person…

Continue reading →

Mega-effective business control system
Having discovered a legal entity, many businessmen start to consider that they now have their own business. Satisfied, they rub hands from understanding that now they will work for themselves,…

Continue reading →

How can you become a successful entrepreneur without higher education?
Steve Jobs, Bill Gates, Richard Branson, all these successful entrepreneurs do not have higher education, some of them tried to learn, but halfway through understood that this was not what…

Continue reading →

Effective technology to eliminate competitors
One of the main questions of all businessmen is how to eliminate a competitor. Making a competitor leave the market is the dream of every businessman. Eliminating a competitor once…

...

Where guaranteed to take a lot of money
One of the questions that a person often asks himself is where to get a lot of money. All 100% of adults in all countries of the world ask themselves…

...

THE CONCEPT OF “TREND” IN THE FOREX CURRENCY MARKET

Even the most inexperienced novice trader understands that the ability to correctly identify a trend and predict its future direction is a key point in trading. Trend is the basis of technical analysis and a factor that must be considered in all circumstances.
So what is the trend in Forex trading? This is the direction of the price movement of a financial instrument, which reflects the state of the market as a whole. Trends are of three types:
– ascending;
– descending;
– side.
The title itself already contains information about where the price goes. If the trend is up, then, accordingly, the price moves up, which means it is growing. If the trend is downward – it falls. A side trend indicates consolidation of the market, a state where quotes are moving in a narrow corridor, without going beyond it. Some traders call this state a lack of trend. In fact, this behavior of quotations indicates either the equality of supply and demand for the currency pair, or the absence of large financial players in the market, the so-called market makers, capable of influencing the situation.
Often, traders who are just starting to get acquainted with forex-related topics are surprised when they hear phrases like “the strength of bulls grows” or meet with concepts such as “bearish trend”, “bullish activity”, etc. each type of trend has two names. To avoid confusion, it is worth remembering that the upward movement of prices can still be called bullish, and the downward movement – a bearish trend. Therefore, if you hear the phrase “bears clashed with bulls,” do not rush to imagine a picture of the terrible fights of the animal world, perhaps it is just about trading in the Forex market. Side trend is also called flat. In general, the concept of a trend is used in various fields, for example, in the fashion world, and characterizes what is relevant at the moment. In Forex, the direction of price movement is one of the most relevant concepts.
How to use trend in trade?
One of the important conditions for successful trading on Forex is skillful use of the trend. It is absolutely not difficult if you know how to “read” correctly and predict its direction. Graphic elements that are best used even by those who are just starting their acquaintance with Forex trading are best used for such purposes. After the trend is determined, you should wait for the correct entry point into the market and then open a deal. Naturally, with a growing trend, it is better to open a position to buy a financial instrument, in order to sell a currency later when its quote reaches a higher level, and if a downward trend is to sell the currency, then buy it cheaper. With a flat, experienced traders advise to refrain from trading, as it is difficult to determine when and where the price will begin to move, especially if you are a novice trader. In any case, it is always better to follow the analytics provided by large and reliable companies such as, for example, UBK Markets. Thanks to the quality work of professionals, you will always know what the trend is in the market, where it originates, and when you can expect a reversal in price movements.
The trend can be called the main basis, because it is customary to reckon with everyone who trades on the Forex market: the largest financial companies, traders with many years of experience and newcomers. For novice traders, trend trading is a great opportunity to quickly learn how to understand the market and make significant profits.

Effective ways to promote business
Once your company was not there, but then it appeared and the promotion of the business began. Then, at the initial stage, when it was the hardest for you, no…

...

MOST TIME: HOW TO OPEN A BUSINESS AFTER SHORT AND DON'T BURN
The first and most important thing that future businessmen need to remember: it's never too late to start. Look at the story of Colonel Sanders, who, when he was 40,…

...

Effective ways to promote business
Once your company was not there, but then it appeared and the promotion of the business began. Then, at the initial stage, when it was the hardest for you, no…

...