Using Trend Indicator in Forex TradingMany Forex traders who spend lots of time to find the right trading method. Although no single method can give forex trading a guarantee of 100%, but there are several variations of indicators that could help to determine the open position. There are several basic considerations to determine the proper forex indicators to be used in trading activities. Although it is possible to get profit by trading against the market trend (trend counter market). However, many traders prefer to follow the trend to gain profit. To determine the direction of the trend, traders use trend indicators as a trading tool. Forex trend indicators can give the signal direction of the ongoing trend. As a simple example, moving average forex trend indicator, this indicator is widely used by traders of the world to determine the direction of the ongoing trend in the market. In other words forex trend indicator can be used to determine the position of buy / sell. Example, we use two indicators Forex moving averages, 10 and 30 periods. In theory, if the 10 period moving average Forex indicator is above 30 period moving average indicator, indicating the market price in an uptrend, and if the 30 period moving average forex indicator is bellow the 10 period moving average indicator forex , it indicating the market price is in downtrend movement. The smaller the period used for the moving average indicator, the faster the reaction is also given by the moving average indicator. Each trader usually has its own period when using a moving average indicator forex
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Forex is simple follow the trend and you will rich.
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