Trend indicators are designed to identify and follow the trend of a currency pair. Traders earn whaling sums of money on trending markets. That’s why it’s necessary for you to distinguish between situations when a currency pair is trending and when prices are consolidating. The main purpose of trend indicators is not to find the exact entry/exit points, but to show the direction of trade – buy or sell.
In this tutorial, we will learn the most applied technical tools such as moving averages, Bollinger bands, ADX. Trading is all about tipping somebody’s mitts. If you know the techniques used by millions of other traders, you will be able to swim with the current (trade with the rest of the market participants) and never suffer from financial losses.
Other articles in this section
- Williams’ Percent Range (%R)
- Relative Vigor Index (RVI)
- Force index
- Bulls/Bears Power
- Average True Range
- How to trade on central bank decisions?
- CCI (Commodity Channel Index)
- Standard deviation
- Parabolic SAR
- RSI (Relative Strength Index)
- Bollinger bands
- Moving averages
- Support and resistance
- Technical analysis
- Central Banks: policy and effects
- Fundamental factors
- Fundamental analysis
- Fundamental vs technical analysis