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Introduction

One of the reason, I love to write articles in dukascopy contest, is to instill deep rooted habit by way of seemingly right knowledge passionately. So that even in my deep sleep I click right buttons. In that effort today’s article is about Trends in Forex market. I myself am a scalper and now I am trying to develop into trend following scalper. In that sense I am trying how to identify and when to enter. Broadly this article will help people who are doing Trend trading. So let’s begin.
What is trend

  • The trend is simply the general direction of market.
  • Markets don’t generally move in a straight line but are characterized by series of Zig-Zags.
  • It is direction of those peaks and troughs that constitutes the market trend.
Trend Direction

  • An uptrend is a series of successively higher peaks and troughs.
  • A downtrend is just the opposite, a series of declining peaks and troughs.
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Avnish26 avatar
Avnish26 3 Nov.

Interesting reading. Enjoyed it.

Miren avatar
Miren 7 Nov.

Good work. Simple for understanding,

salamandra avatar
salamandra 10 Nov.

good job. good luck

Sebine avatar
Sebine 17 Nov.

Good job!

pramuk avatar
pramuk 24 Nov.

Excellent piece of writing.

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12/26
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You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed!
All of this is sound advice. However, how many traders actuallyfollow this advice? Do you? I would bet that less then a third of you reading this article keep a trading journal. Don’t get me wrong, I’m not special. I didn’t keep a record of my trades during the first few years of my trading career. This changed one year ago. Here are the tips that helped me to finally create this habit. These rules are not specific to trading and can be used to build any habit in any area of your life!
The 1 Minute Rule

How do we get on the path of building a habit? This is where the 1 minute rule comes in! If your goal is to keep a trading journal, at
the end of every trading day, take one minute and write down your trades. Even simpler, at the close of trading just write down 1 sentence. This could be your best or worst trade of the day, your trading mood, or a combination of both. Here’s an example:
‘’May22nd: I took a signal where there wasn’t any and I proceeded to lose$400 as the AUD/USD moved against my position’’

Based on a true story. Okay it IS a true …
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Elani avatar
Elani 9 June

Very useful article!

FxMidaso avatar
FxMidaso 10 June

Useful article. I have the same problem, I anticipate a signal and then make a trade only to realize that the signal didn't come and i have lost trade. hmm....

fxsurprise8 avatar

Thank you kind sir and madam :)

Olga18375 avatar
Olga18375 21 June

wow! very interesting article!!! well done!!

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