Online Forex Trading & Its Trend Patterns

Forex trading is a great option for those who want a great income from home or anywhere else. But in order to be a successful forex trader you need to learn the basics of the currency markets and familiarize yourself with the world of trading. One of the first things you will notice as you start analyzing forex charts is that the currency markets often display's some very familiar patterns of price movements. Once a clear pattern is established, it becomes the most probable course of future price action until the market
changes.

Considering this, it’s important that you identify and understand that there exist two types of markets; these are: trending and trend-less markets. Each market type has pretty clear and specific patterns which you will alsonotice over time.

Trending markets are characterized by steady and elongated price movements with less than a 45 degree angel with occasional pauses, profit taking, or resting periods.

But even in trending markets you can notice the existence of other two important patterns. These are:

- Uptrends - A pattern of higher highs and higher lows.

- Downtrends - A pattern of lower lows and lower highs.

In the case of Trend-less markets, the main characteristic is the erratic price movements which are often steep ( greater than 45 -degree angle ) and that cannot be sustained therefore they must reverse in a short period of time. Although the movements can move many points in a short period of time, they often result in very little net price movement over time.

In Trend-less markets you can also distinguish tow main patterns:

- Choppy - An erratic pattern of higher highs and lower lows.

- Sideways - A narrow pattern of lower highs and higher lows.

While markets with an up-trend and down-trend behavior can offer generally excellent trading results, choppy markets often create stop outs, while sideways markets produce for little in either direction making them hard to trade, hence making it hard to make any significative profit during these trend-less periods.

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