Forex trading is a very risky type of investment and only professionals who are well-versed in the forex trading sector can work in this domain. There is a huge possibility of losing considerable funds through this trading means and hence, it is advisable that one should not invest and use that money for trading which they cannot afford to lose and which they cannot replenish in the long run.

I totally agree with sonu on what he has said that only professionals who are well qualified and know about the fluctuations in the market should trade in Forex. One can definitely lose a lot of funds if Forex is done without have exceptionally well knowledge about it. But I also think that if one has a decent knowledge about the markets and its fluctuations, then he can make a great living out of it. But one more thing is that the markets are all unpredictable, who knows where the economy of a particular country stands tomorrow??

Originally posted by varun047

But one more thing is that the markets are all unpredictable, who knows where the economy of a particular country stands tomorrow??

Trend following is without a question, the most effective dealing technique. Techniques such as "buy and hold" are substandard, when as opposed to awesome achievements of effectively following a trend. Generally, a trend is an overall route in the marketplace. It can be an up, down, or back and forth route. Styles can be discovered on any data. It does not issue what period of your time it is.

YEs it means that will the forex repeat its way of pips again on the same day like the trading will be samew for every monday etc

Originally posted by bbasiit123

YEs it means that will the forex repeat its way of pips again on the same day like the trading will be samew for every monday etc

I dun think it is wat trend means.. It is NEVER same every monday or tuesday etc. Trend is just direction of market. For example when we say bullish trend, it means market direction is upwards and vice versa. 

There are many ways to identify trend in the market....but technical awarness is essential ....if we talk about the indicators then moving average are the best indicator to find out the prevailing trends....and big picture can also predit the current trend....

Yes, it’s important to understand the importance of the trend. This is where education is so important for one to perform and this is where I am so grateful to FreshForex. It’s awesome with having superb educational setup that helps a lot and covers everything so very smoothly.

I think trends are just direction of the market and you can follow it and trends can guid and leads you to the success.

Knowing the price patterns is the simplest way to begin your analyses in this industry. It may appear difficult to you, but once you understand where prices are headed, making decisions will be simple. There are numerous strategies for determining prices. The price action trading strategy is one of the most popular trading strategies. This strategy is used by both professional and novice traders, and it is all about the prices. If you use this strategy just once, you will discover that it outperforms the majority of other strategies.