The market moves in 3 structures: uptrend, downtrend and sideways. The whole market revolves around these three concepts – this is how the market can move.
-Up Trend: If the trend goes up the Euro is worth more. -Down Trend: If the trend goes down the Euro will lose in value. -Sideways Trend: Prices move in a narrow range.
Trends And Structure trading
In the video below I will go into more detail on Trends and Structure trading in combination with supply and demand trading.
We all know that following the trend in forex trading can be very important.
Of course we can also take countertrades, but the fact remains that countertrends are generally a lot more risky than the trades that go in the trend direction.
Especially for novice traders, the traders with less experience, I strongly recommend not to trade against the trend as long as you do not have enough experience.
Following Trends and structure in trading is also very important, especially if you want to go for a bigger profit.
I often see this happening in my community, then I get the question why did this trade go wrong?
Why did this trade hit my SL? And you often see that a counter trade has been taken with a much too high TP level.
Which is less likely to hit this TP with a counter trade.
With a counter trade if you still want to trade it, I always recommend that you keep a close eye on the trade and always pay attention to possible reversals in the direction of the trend.
Be sure to watch my video if you want to know more about this. I also have more videos on youtube with good explanations and tips.
And of course, don’t forget to like and subscribe to my channel. If you want to know more about my course or trading, feel free to contact me!
Do you want to become Success Supply and Demand Trader?
If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
Stock indices catalyze the whole region’s economy, particular sectors and in general.
It shows how well a specific business sector is being established and what its potential is.
So it is important to work with stock indices as a trading tool because it offers advantages that other asset types do not have.
A trader has the ability to operate more accurately in particular.
There are, after all, a massive number of indexes.
Stock indices are composed in such a way that they can describe the economy of the country and the growth of industries.
The trader picks the indices that he most correctly understands.
For instance, it would be hard for you to exchange the dollar if you have a clear understanding of the U.S. market.
Why? Because it is not the only sector of the economy that has influence.
But the use of the U.S.
Industrial Average Index is a very strong efficiency in the market.
What is a Stock Index?
There are several explanations why individuals need to know how the stock market acts.
Firstly it is an indication of economic growth for others a possible attraction for investment for others.
Therefore, there is a need to clearly and easily show people what is going on in a country or region’s stock market (this refers to every country or region of the world).
Since it is not an easy and convenient way to track every stock in a country.
Special market indicators have been invented to summarise what is happening on the whole stock market.
And to produce them in a simple and appropriate form.
These metrics are called indices of stocks.
Why Trade Stock Market Indices?
With minimal investment, you can buy or sell several hundred shares of large firms at once.
The smartest move for investments in the long term.
Convenient monitoring by sectors and the economy as a whole of market dynamics and trends.
First of all the index quotes are determined by the prices of securities that are part of them.
Elevated diversification.
Do you want to become Success Supply and Demand Trader?
If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
Here are some tips which are very helpful for new beginner forex traders.
Firstly accept as an unavoidable fact the risk of losing your capital.
So each new trader should be aware that no one in the currency market is safe from losses.
Holding gains above losses is the underlying rule of online currency trading.
Secondly bid with a carefully thought-up strategy.
Because you can decide how much of your own money you are willing to risk, and what benefit you expect before you begin with trading.
This would be the risk and benefit balance.
Successful forex traders never enter a trade without a clear fine goal.
Do not be afraid of trading forex.
Many new traders are afraid of forex market volatility and risks.
A significant rise in investments is compensated for those who can solve this.
So make sure you have good risk management, so you don’t have to be afraid of anything.
Take over responsibility for your choices.
Because successful traders would never renounce personal liability.
It is you who enter the market and it is you who profitably or unprofitably bear all responsibility for the trades.
Don’t allow greed to take over.
Because traders frequently forget about the previously set targets when the trades start.
And hoping for the same good continuity.
The market is very volatile so trends can end quickly.
So once the target price is met withdraw the profit instantly or increase the stop-price to prevent losses.
The impact of news on trades.
The increase in trading volume induced by a widely publicized occurrence contributes to price fluctuations that are necessary.
Because they ensure that traders profit from quick and rapid market adjustments.
Inexperienced traders frequently seek to make a substantial profit from one trading trade per day.
Have no delusions.
If an open position is getting worse in the hope of the trend turning in the direction that is favorable for you do not remain on the market.
Exit the market immediately.
Do you want to become Success Supply and Demand Trader?
If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
There are several reasons why anyone would turn to the forex market for investment.
All the factors we’ve seen discussed over the years are profit, hobby, experience, gambling, and entertainment.
Every investor starts out in the same place.
So no matter the reason for trading forex everyone gives their own interpretation to it.
Just like a beginner trader who is not quite sure how to get the best out of the market.
Here are some tips about What is forex trading and how does it work?:
What I need to know before I start forex trading?
By reinvesting gains, raise your trading portfolio.
Don’t rush for more capital to be added.
You need to see that the benefit comes from your initial investment because you are here to make money, not to gamble.
You may sleep peacefully with the help of reinvestment, trusting that you will not lose more than is necessary.
A comprehensive trading strategy has to be established by any forex trader and pursued no matter what.
What is more, do not let your actions be dominated by emotions.
It is possible to avoid possible losses resulting from unreasonable expectations or optimistic ambitions by following a strict plan.
Which can often overwhelm some beginners.
Any position in Forex trading can result not only in benefit but also in losses, which means that not everyone will be prepared for that.
So before diving into this dangerous ocean with both feet, think twice if this is what suits you.
If the answer is yes, then make sure that more than you can afford to lose.
All in all, forex trading is an activity for advanced investors who are willing to take advantage of all the opportunities presented by the market.
This is not just the truth of earnings, but also the chance to work, just get the laptop and wi-fi, from almost anywhere across the globe.
But without a proper attitude and persistent effort, fantasies won’t be true.
Do you want to become Success Supply and Demand Trader or want to know more about What is forex trading and how does it work?
If you are a beginner trader and to become a good professional forex trader.
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones. Which is already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills.
And make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
The first open order is very exciting for many novice traders.
And because many enter it with too little experience, it does not immediately benefit the novice trader.
He has a powerful will to open one or even many other orders.
Also called “over trading”.
So he thinks it is positive and that it is “his day” filled with excitement, overconfidence, and greed.
Sadly, it also leads directly to the opposite conclusions.
Of course this does not mean that that first order would be a failure.
But all those factors will make most novice traders lose some money.
So in other words it boils down to having a good trading plan, a strategy and some knowledge of the forex market to place a correct order.
Basic Conditions for Multiple Open Orders in forex trading:
In medium and long-term trading, you should open additional orders.
In short-term trading (scalping) you are likely to not only get the much needed extra positions but also you can lose.
You should have a consistent set of signals for technical analysis supporting the current trend.
You should have favorable options for funding.
Your total open positions volume should not be too high.
And you must also always bear in mind the potential correction of a specific currency pair’s motion.
You should have technological availability in order to close all trading positions very quickly.
In the face of adverse changes in the market situation.
Even though all of the above conditions are met, opening more than three trading positions simultaneously is not desirable.
The trend is quite a changeable thing and losses can be incurred by each additionally added trading position.
Do you want to become Success Supply and Demand Trader or want to know more about Orders in Forex Trading?
If you are a beginner trader and to become a good professional forex trader.
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones. Which is already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
For any technical trader looking to gain a deeper understanding of how to read forex charts in general.
I think learning to read candlestick charts is a great starting point.
In the 18th century, Candlestick charts were invented and created, as you may already know.
The beginning reference to a candlestick pattern used in financial markets was invented in Sakata, Japan.
where something similar to a modern candlestick was used by a rice merchant named Munehisa Homma.
He used it to trade in the Ojima rice market in the Osaka area.
Meanwhile bar charts and line charts were very common among Western traders.
So in the early 1990s, a Chartered Market Technician (CMT) introduced Japanese Candlestick charts.
His name is Steve Nison.
And also additional trends to the Western financial markets.
As a result and because of its extremely good and predictive characteristics.
The popularity of the candlestick charts has grown enormously among the western traders.
Candlestick charts can play a crucial role in the financial markets.
Because they give a better understanding of price action and order flow.
Reading Candlesticks:
Firstly you need to understand the basic structure of a single candle on the candlestick chart.
To give a time indication, each Candlestick is a certain time; it may be 5min, 1H, Daily, Weekly, etc.
A Candlestick represents four different values on a chart, regardless of the time period.
The opening price
The closing price
The highest price
The lowest price
In short
When you read a candle, it will give you information on whether the session ended bullish or bearish.
So depending on the opening and closing prices.
The bullish candlestick is formed when the closing price is higher than the opening price.
And on the other hand the Bearish Candlestick is formed when the closing price is lower than the opening price.
And during the time period, the upper and lower shadows of the Candlestick represent the highest and lowest cost.
Do you want to become Success Supply and Demand Trader or want to know more about Forex Candlesticks?
If you are a beginner trader and to become a good professional forex trader.
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones. Which is already traded and tested by thousands of TFS members and performs daily trades.
To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
