All Rights Reserved, forex trading is a high risk investment. What is it used for? There are several important points on a chart that help us to draw a trend line in Forex. Once done it should become obvious where the market is going: it is either heading up or down. Position traders which hold their position for days, weeks, months or longer, will need to obtain a bigger (weekly, monthly, yearly) picture of the market moves.
M, disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on m may be those of individual authors and may not necessarily be the views of m or its officers and employees, we make no claim. Let's assume that we saw the market price going up, and the overall picture was telling us that we are in an uptrend. You can view some portion of the page you requested by clicking here. Forex Trend Line book covers rules, purposes and advantages of using trend lines in Forex charts. When to exit or be prepared to exit? (In a downtrend our trend line will rest on the top of the pattern formation). The use of this website financial transactions or agreements.
Leonardo Fibonacci is a famous Italian mathematician, founder of a simple series of numbers that refer to ratios valid for natural proportions of things on the planet.
Forex Trend Line Book.
Series of Free Forex ebooks.