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    Why Forex trends are imporant?

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    Faf Plesis

    Posts : 260
    Join date : 2017-03-19

    Why Forex trends are imporant?

    Post  Faf Plesis on Thu Feb 22, 2018 2:52 am

    Forex market moves from trend to trend and which trend market is following can be caught by technical analysis and that’s why technical analysis gets the most priorit here. Since the forex is a 24-hour market, there tends to be a large amount of data that can be used to gauge future price activity, thereby increasing the statistical significance of the forecast. This makes it the perfect market for traders that use technical tools, such as trends, charts and indicators. As a trend based trader with Trade12 I have more than 250 technical tools and user friendly environment and superior fast execution.


    Eric Weller

    Posts : 230
    Join date : 2017-05-02

    Re: Why Forex trends are imporant?

    Post  Eric Weller on Mon Feb 26, 2018 1:02 pm

    It is said that go with trends. And for the new forex traders it is an advantage for trading as per the trends since at the initial level they are always in confusion that how they will trade successfully. And following the trends prevailing in the market can help novice as well as retail small scale traders since they can’t change the market position by their decisions. Thereby my broker AAFX is always providing me free trend analysis so that a retail trader like me can take effective decisions by following the trends.

      Current date/time is Thu Apr 26, 2018 1:55 am