Forex Trend Scanner – Forex Trendy, Analyzes and Scan All Charts Every Second, Scans 34 Forex Pairs On All Time Frames
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Have you experienced a period when your TRADING was profitable in trending market and out of a sudden, all your hard earn profit was taken back in a series of losses?
In this article, you will discover the reason why it happen and HOW TO AVOID IT.
First of all, Let me clarify the basic principle how most Forex Tools work. They are adjusted to work in a particular market condition. They frequently profit in a trending market, however loose cash in an uneven market. It’s is not an issue as long as the market is trending and the system is getting more cash than it loses. Such a trading tool can be profitable for a while and you would be content with it. But….. YOU NEED TO PREPARE FOR THE WORST..
The Forex Market can change over time. A good plan and well put together Trading System Starts with Trend Analysis to stay away from potentially losing trades.
Here are two ways of how a Forex system recognizes the trend.
FIRST: FALSE STRONG TREND INDICATION.
The trading system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a “strong trend”, but what usually happens next is a hard fall. To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
SECOND: TREND RELIABILITY
Most trading systems use various indicators and trading tools to know where the trend is going. Actually, there is nothing bad about using indicators or other tools. One Simply Moving Average can do the job. The problem comes with the question: “Is the market trending NOW?” Whether the market is trending or not trending is not like black and white. The correct question is: “How well the market is trending?”
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. “Forex Trendy” is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:
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