It is crucial to follow trends while trading and you can follow trend using different time frames. It is believed that using the higher time frame will make you understand the trend . The different time frames gives you different trending markets.
How do you follow the market trend as a trader?
- Thread starter Potuse
- Start date
I use the resistance and the support levels to follow the trend because when you are able to spot the appropriate resistance and the support zones, then you can determine the trend of the market.
There are certain indicators that you can use in analysing the forex chart in order to determine the trends. You can use the simple and exponential moving averages to determine a trending market.
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As you have rightly said, You can follow the trend by using Multiple time strategy. On the higher time frame, Determine if it is an uptrend or downtrend, And also Find your support and Resistance. This would give you an insight of the trend better.
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