How to find trend in forex trading investopedia
Identifying when a change in trend is occurring is one of the most important skills a trader can learn. While identifying a pivot must always be done in hindsight, one can examine clues on a chart inveatopedia determine whether the probability of forming a new pivot is high. One technique is to watch for a partial retrace after a trading range has been established.When a stock refuses to honor an established range, it usually reverses to break the trading range in the opposite direction, thus establishing a new pivot point.
While the majority of individual investors and traders focus on traditional investments such as stocks, ETFs, options and bonds, the fact remains that the forex market is by far the most active and liquid market in the world. As more and more individuals become aware of the forex market, and learn not only about how to trade currency pairs but also about the mechanics and capital requirements involved, their level of participation continues to grow.
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