DailyForex.org

How To Make Money From Forex Trends

Identifying and profiting from forex trends and patterns is the way that most forex traders make money. Your main aim when you are trading the foreign exchange market will be to identify a trend as it is forming and jump in so that you can profit from it.

Trends are very simple to see in hindsight when we look at a chart. A candlestick chart shows them most clearly but you can see them on any type of chart.

If you draw a line above the low points of the candlestick shadows while prices are generally rising you will see the slope of the uptrend. Similarly if you draw a line above the high points of the shadows while prices are generally falling, you will see the slope of the downtrend.

Read more >>