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#1 Posted : Wednesday, November 08, 2017 5:24:14 AM(UTC)

Rank: Newbie

Groups: Registered
Joined: 11/8/2017(UTC)
Posts: 1

As the name suggests, uptrend is an upward movement where the market makes higher highs and lows. It is also called the bullish market because traders who ‘go long’ or purchase are called bulls.
Termed as bearish market in the foreign exchange circle, this is when the market moves downwards. Unlike what happens in an uptrend, traders ‘go short’ or sell their currencies in a downtrend. Bears, as they are known, seize their control at this stage.
Common mistakes amateur traders make in forex
What amateur traders typically do is, continue to try predictions for reversals when there is a long lasting trend going on for months now. Instead, if they had simply joined the trade, they could have made a handsome amount of money. Be cautious as you are a newbie! Forex trends pdf will help you to track the market movements clearly.
More on identifying forex trends pdf efficiently:
Once you understand trends and price efficiently, you can set your trading entry points more accurately for profits. While there are various tools for the purpose, two of the important ones are – line graph and moving average.
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