Forex Trend Lines
Know how to draw a trend line
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Forex Trend Trading
To be consistantly profitable in Forex, traders should be able to identify market trends.
How to spot a trend? Any novice trader should be able to see simple slopes and hills on the chart created by the market price, a trained trader is able to see certain chart patterns.
Higher tops and higher bottoms will tell Forex trader that uptrend is in place.
A good clean trend in a well trending market is one of the favorite trading environments for all Forex traders to trade in.
Trend trading used by prosIf you ask an experienced trader how he plans his trading session, the answer will be: "I open my charts and the first thing I want to know is Where the trend is going".
That's right, the examination of the market trends is what every analyst do daily.
How to spot a trend?
There are many simple ways to spot a trend:
1) Visual, where you zoom out the charts till you can see price direction clearly.
2) By using indicators. Forex example, 200 SMA. If the market is trading above 200 SMA — that's a bullish market, everything below 200 SMA indicates bearish trend.
3) By using other trend following indicators.
4) Or by drawing trend lines! Simpy connet lower lows on your chart till you have a good visible trend line. Then do the same for higher highs.
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