Forex Trendy is flexible software that helps traders in monitoring their foreign trade. This tool is perfect for anyone in the forex market as it allows everyone to instantly collect and determine data faster than humans. Easy to understand and analyze! Access anywhere and anytime! Filter options are available to control the monitor specific markets and time periods.

1. Money Self Service
forextrendy.moneyselfservice.com

2. What is Forex Trading?
The forex trading market is the most liquid
of the financial markets. It consists of all
aspects of buying, selling and exchanging
currencies. Volatility of forex market lets
traders to take benefit of exchanging rate
fluctuations for speculative purposes. The
foreign trading market generally works
through financial institutions and it operates
on several levels. It helps international trade
and investments by enabling currency
conversion. Foreign Exchange trading is
actually done through a broker or market
maker.

3. The Myth of Forex Market Trend
Trend following has been the best trading
style for last 30 years. No one is following
the "buy and hold" strategy which was
popular a decade ago. There is hardly any
forex market that clearly follows overall
trend direction. You can follow the
temporary foreign exchange trend only if
you need to determine the trend
correctly. It is important to know and
understand the market and how well the
market is trending to avoid short-term
foreign exchange trends.

4. How to Determine the Forex Trend?
Most of the people learn from their mistakes but smart
people generally learn from the mistakes of others. If
strong uptrend is seen, it is the stage of maximum
profit. But the forex trend doesn't last forever and you
can have bad luck by entering the foreign exchange
market at the end of the trend. In order to find the real
and reliable trend, it is important to know and
understand the "trend reliability".

5. How to Determine the Trend Drawdown?
Trend drawdown is the best
way to analyze the trend
reliability. It helps you to
determine how deep the price
went against the current
trend. The lower trend
drawdown implies the more
reliable trend which leads to
greater success rate and more
consistent profit.

6. How to Draw Trend Lines?
Trend lines represent connecting several highs and
lows. Without accurate understanding and
information, one cannot consider trend lines. The
upper trend line connects at least two lower highs and
the lower trend line connects at least two higher lows.
50 to 60 bars represent a good trend line. The upper
and lower trend lines should converge so that the
price is being squeezed. Trend is your friend! So, be
sure to keep your forex trend simple.

7. How to Trade Chart Patterns?
Using "Stop Orders" and "Limit Orders" is the best
way to enter the market. Place a Buy Stop just above
the upper trend line if you trade a pattern in an
uptrend. Reflecting the market volatility is the
advanced approach. Place a Stop Loss just below the
lower trend line. It reflects the current market
volatility.
There are two methods to find the Take Profit Level:
· Projection method
· Fibonacci method

8. How to Recognize Chart Patterns?
Professional traders analyze chart patterns to determine reliable
patterns. Forex Trendy is a reliable software solution that is able to
recognize chart patterns on all charts. 34 Forex pairs x 9 time frames =
306 charts! Discover the most reliable chart patterns at the current time.

9. If you want to understand the basic
and advanced forex trends, download
e-book "Understanding The Myths of
Market Trends and Patterns". Forex
Trending is a reliable tool to reduce
unnecessary losses and increase your
odds of winning. This easy tool scans
all currency pairs on all time frames
to find the reliable trend for you.
Understand and Determine the Forex Trend

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