Forex Markets
There are 4 kinds of markets in Forex. You have a range bound market. A bull market. A bear market and a choppy market.
Your range bound market is a market that trades between a set support and resistance.
A bull market (which can also be range bound within a trend channel) is a market that is moving toward higher prices.
A bear market (which can also be confined to a diagonal channel) is a market that is moving toward lower prices or value.
A choppy market is an incoherent market that has no particular direction and is too haphazard to follow.
HOW TO TRADE THESE MARKETS
The best way to trade a range bound market is to buy at support with proper confirmation signals, and to sell at resistance with proper confirmation signals.
The best what to trade a bullish market is to buy pull backs (when price take a dip, or goes lower for a while before continuing to move upward).
The best way to trade a bearish market is to sell peaks (When price goes up for a while before moving downward again).
Stay away from choppy market, they have no direction and make no sense, if you chose to trade in this kind of a market. Trade on a shorter term time frame off of proper signals. Long term trading in this type of market can wipe you out fast, because it has not established a real direction yet.
There are 4 kinds of markets in Forex. You have a range bound market. A bull market. A bear market and a choppy market.
Your range bound market is a market that trades between a set support and resistance.
A bull market (which can also be range bound within a trend channel) is a market that is moving toward higher prices.
A bear market (which can also be confined to a diagonal channel) is a market that is moving toward lower prices or value.
A choppy market is an incoherent market that has no particular direction and is too haphazard to follow.
HOW TO TRADE THESE MARKETS
The best way to trade a range bound market is to buy at support with proper confirmation signals, and to sell at resistance with proper confirmation signals.
The best what to trade a bullish market is to buy pull backs (when price take a dip, or goes lower for a while before continuing to move upward).
The best way to trade a bearish market is to sell peaks (When price goes up for a while before moving downward again).
Stay away from choppy market, they have no direction and make no sense, if you chose to trade in this kind of a market. Trade on a shorter term time frame off of proper signals. Long term trading in this type of market can wipe you out fast, because it has not established a real direction yet.
