How To Identify A Trend In Forex (in under 5 minutes)

2 years ago
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TradingPit forex forex strategy forex trading forex trading for beginners forex trends how to draw trend lines how to identify a trend in forex how to identify trend how to identify trend in forex how to identify trends in forex trading

In this video I am going to share with you how to identify a trend in forex so that you never miss a trend again.

We will be looking at three different ways to identify a trend using price action, the 200 EMA and trend lines.

You will also learn how to use these methods to enter trades. Even though this video is focused on how to identify trends in forex you can use these methods to identify trends for any asset like stocks, futures and crypto.

▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬

00:00 - Intro
00:17 - Price Action
00:54 - 200 EMA
01:26 - Trend Lines
01:54 - How To Draw Trend Lines
02:37 -Timeframes

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In day trading there are many trading strategies you can use. Ultimately though a key point that will allow you to become consistently profitable is understanding trends. You will learn how to identify trends in this video using price action, moving averages and trend lines. I will also explain to you how trend lines can be used as a strategy. Trend lines are key in forex trading but can also be used to trade stocks, futures and crypto. Trend lines act as support and resistance and thus it is very important to understand how to trade trend lines in forex.

Disclaimer:

TradingPit is not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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