Digital Transformation: The Key to Success
Digital transformation remains a hot topic. Finding information about it only this year increased by more than 30%, and by the end of 2019, total expenses for it can reach…

Continue reading →

Net profit of the company
The most effective way to determine whether a business is profitable or, conversely, unprofitable, is an appeal to financial records. A clear picture of the company's financial situation can be…

Continue reading →

Invitation by phone
In this article, I continue the theme of opening new regions. Let's take a look at how to invite people to a presentation using the phone. So, having worked the…

Continue reading →

THE CONCEPT OF “TREND” ON THE FOREX CURRENCY MARKET

Even the most inexperienced novice trader understands that the ability to correctly identify a trend and predict its future direction is a key point in trading. Trend is the basis of technical analysis and a factor that must be considered in all circumstances.

So what is the trend in Forex trading? This is the direction of the price movement of a financial instrument, which reflects the state of the market as a whole. Trends are of three types:
– ascending;
– descending;
– side.

The title itself already contains information about where the price goes. If the trend is up, then, accordingly, the price moves up, which means it is growing. If the trend is downward – it falls. A side trend indicates consolidation of the market, a state where quotes are moving in a narrow corridor, without going beyond it. Some traders call this state a lack of trend. In fact, this behavior of quotations indicates either the equality of supply and demand for the currency pair, or the absence of large financial players in the market, the so-called market makers, capable of influencing the situation.

Often, traders who are just starting to get acquainted with forex-related topics are surprised when they hear phrases like “the strength of bulls grows” or are intertwined with concepts such as “bear trend”, “bullish activity”, etc. each type of trend has two names. To avoid confusion, it is worth remembering that the upward movement of prices can still be called bullish, and the downward movement can be called a bearish trend. Therefore, if you hear the phrase “bears clashed with bulls,” do not rush to imagine a picture of the terrible fights of the animal world, perhaps it is just about trading in the Forex market. Side trend is also called flat. In general, the concept of trend is used in various fields, for example, in the fashion world, and characterizes what is relevant at the moment. In Forex, the direction of price movement is one of the most relevant concepts.

How to use trend in trade?

One of the important conditions for successful trading on Forex is skillful use of the trend. It is absolutely not difficult if you know how to “read” correctly and predict its direction. Graphic elements that are best used even by those who are just starting their acquaintance with Forex trading are best used for such purposes. After the trend is determined, you should wait for the correct entry point into the market and then open a deal. Naturally, with a growing trend, it is better to open a position to buy a financial instrument, in order to sell the currency later when its quote reaches a higher level, and if it is downward, sell the currency, then buy it cheaper. With a flat, experienced traders advise to refrain from trading, as it is difficult to determine when and where the price will begin to move, especially if you are a novice trader. In any case, it is always better to follow the analytics provided by large and reliable companies such as, for example, UBK Markets. Thanks to the quality work of professionals, you will always know what the trend is in the market, where it originates, and when you can expect a reversal of price movements.

The trend can be called the main basis, because it is customary to reckon with it to everyone who trades on the Forex market: the largest financial companies, traders with many years of experience and beginners. For novice traders, trend trading is a great opportunity to quickly learn how to understand the market and make significant profits.

EXCHANGE PAYPAL TO QIWI: HOW DOES IT MAKE IT SAFE AND PROFITABLE?
It's no secret that many people today earn money by exchanging electronic currencies. For these purposes, there are a number of different virtual exchangers. Virtual exchangers are web resources through…

...

Seven tips for success to accompany your business.
If you want to do business, you need success in this difficult task. This is true for both women and men. Otherwise, it does not make sense to waste your…

...

GLOWING IN THE DARK PAINT FOR BUSINESS ORGANIZATION
The paint is based on a light accumulating material - TAT 33 phosphor, which forms a glow in the dark every day for up to 12 hours. Today, luminous paints…

...