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The great thing is, Forex traders can profit from both directions!That is the best thing about Forex trading. There is earning potential both ways. So no matter what, Forex traders can capitalize on movements on the Forex market: up or down. As you can see in the example below, the currency kept making higher highs and higher lows and made a fantastic uptrend indicated by the green circles. The triangles within the green circles are an indication when 2 day candles did not post a new high or new low, aiding visual ease to identify a string of highs and lows – in this case, higher highs and higher lows. Here below is another example when the currency kept making lower lows. There were several pauses and 2 day candles could not post a new low. After a small retracement, the currency continued with its downtrend. So far we have covered all the basics. Before we dive into all the details of the actual trade setups and trade management details, I need to make sure that everyone is clear on the following matters as well:1 Introduction to Forex trading investment;2 Ultimate guide to Forex trading investments;3 Forex trading seminar;4 Forex income;5 Trading the Forex; 6 Forex day trading. That concludes part 1!Make sure to keep an eye out for part 2, which will be released next week Friday on May 24.
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Please also note that the ratings we give to forex brokers are based on our own research and criteria, but do not represent an endorsement or a critique of any broker.
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It is a skill for life, pretty much like riding a bike.
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best free trading platform