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Probability for Excellence

 

Following the trends in the Forex Market

Forex Market trends can last for extended periods of time allowing traders to make large returns on their money. Determining an existing or new trend is something you need to learn to become a profitable trader. Our Premier Forex Newsletter will help take some of the guess work out trying to establish the trend. The newsletter will assist in finding tops and bottoms in a trending Forex market by providing support and resistance areas. If you are a new trader picking the tops and bottoms of a trend can prove to be very difficult.

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What is considered an Uptrend and Downtrend? 

An uptrend can be defined with an overall upward direction with a series of higher highs and higher lows. A proper uptrend is when each successive candle is moving upwards.

A downtrend can be defined with an overall downward direction with a series of lower lows and lower high. Downtrends and uptrends can last for minutes, days, weeks, months or even years so identifying the trend early is very important.

If the market is not in an uptrend or downtrend it is likely consolidating or trading in a range. Most traders lose money when the market is range bound or consolidating because they try to catch small profits. The trader's try to day trade or scalp quickly only to lose their money or make marginal profits. It is better to use medium term time frames such as in our Forex Trader  Newsletter to give yourself the best probability for success on all your trading decisions.

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