Forex Trading Tools : Forex Day Trading Two Step Trend Analysis - once you method forex day trading by just looking at the 5 minute and 15 minute charts There is a strong possibility your account will evaporate sooner rather than latern order to get a believe for the business and an indication of the current trend it is necessary to do an investigation by looking at multiple charts on different time frames starting with higher level charts firstather than having the charts cluttered with numerous indicators and signals which can cause signal paralysis, I recommend just two:1ACD (with default settings)200 EMA (Exponential Moving Average)Now examine your charts using a top down approach: Daily 4 Hour 1 HourAs you check each chart take note of these two factors: Has MACD crossed down or up and is it above or below the water lines price above or below the 200 EMAhile it is not vital to have them all lined up on these three time frames for successful forex day trading, once you want to be a cautious trader and go for high probability trades then cert ... [Read More - Forex Trading Tools]
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