Winning Forex Trading/Technique for Newbies and Pros (Part 5)

elkapons By elkapons, 19th Oct 2015 | Follow this author | RSS Feed
Posted in Wikinut>Money>Forex Trading

Winning Forex Tradings for newbies and pros, learn the basics and step by step strategies from ZERO to HERO

The Basics

First and crucial part of basic a forex trader MUST learn and mastered is to identify Market Trend. If you mastered Market trend then 80% of your risk minimized. Therefore, let's learn how to identify the market trend.

There are 3 types of trends:-

1. Uptrend - Low (L), High (H), Higher Low (HL), Higher High (HH)
2. Downtrend - High (H), Low (L), Lower High (LH), Lower Low (LL)
3. Sideways

The Uptrend

As described Uptrend identify as Low (L), High (H), Higher Low (HL), Higher High (HH). Look at picture above how uptrend visualized in real chart for pair NZDUSD.

The Downtrend

As described Downtrend identify as High (H), Low (L), Lower High (LH), Lower Low (LL). Look at picture above how downtrend visualized in real chart for pair USDCAD.


For sideways trend there is no Higher High, Higher Low, Lower High and Lower Low indications. Only High and Low and the level almost same either higher or lower a bit from highest or lowest points before. But in rough view it's look almost same level. To understand how sideways trend visualize in chart, look at picture for pair GBPJPY above.

FOLLOW ME closely for next articles. There will be more REVEALS and EXCITEMENTS, PROVES a NEWBIES that starts from ZERO can be a HERO.

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author avatar elkapons
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