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Trends

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Bearish or Bullish?


Up, Down or Sideway?

The trend is not your friend, because it can end. Three kinds of trends can be seen in the timeframes.

1. Trend Following
PRIMARY TREND
— Uptrend (Bullish)
— Downtrend (Bearish)
SECONDARY TREND
— Correction
— Flat (Non-trading)
— Ranging (Unstable)
— Bear Market Rally
2. Overbough / Oversold
(Top and Bottom)
3. Breakout

Heat Map

The Affect Factors

Forex go up and down due to many reasons. There are several factors that affect currency prices. Main reason is supply and demand, buying and selling of forex. Next are volatility and period. More buyers or more sellers creates especially wars or other conflicts, concerns over inflation or deflation, government fiscal and monetary policy, technological changes, natural disasters or extreme weather fluctuations and corporate or government performance data.

Forex go up and down periodically. There are two major categories of traders in forex market: Short term traders and long term traders. The short term traders usually open and close trades during the day usually 24 hours on the lower time frames, while long term traders enter trades and hold positions for longer period, days, weeks and even months on four hourly, daily and higher time frames. Both categories of traders make money.


TRADER TYPES:

Scalping Trader, Day Trader, Swing Trader, Position Trader, Momentum Trader, Trend Trader, Countertrend Trader, Breakout Trader, Fundamental Trader, Sentiment Trader, Market Timer, Bull Trader, Bear Trader, Hedging Trader, Netting Trader, Noise Trader, Arbitrage Trader, Arrogant Trader, Unique Trader, Prophet Trader, Paper Trader, Greedy Trader, Rich Trader, Full-time Trader, Part-time Trader, New Trader, Scared Trader and so on… They all trade, but they trade differently.

Currency Rates

Dollar Index

US Dollar Index (USDX, DXY) measures the value of the US Dollar against other foreign currencies. USDX goes up when the US dollar gains strength value when compare to other currencies, and opposite, nowadays on range of one hundred -10/+10.

DXY

Cryptocurrencies

Bitcoin is increasing popularity fast recently. It is one of potentially profitable asset right now.

Cryptocurrencies (Bitcoin BTC, Litecoin LTC, Ethereum ETH, Zcash ZEC, Dash, Ripple XRP, Monero XMR) are classified as a subset of digital, alternative and virtual currencies.

Cryptocurrency market volatility is quite high, so you can make a quick payout. BTC can be traded 24/7.

BTC/USD

GOLD: Xau/Usd

OIL: Crude Oil

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