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. Continue reading →