Practical trend analysis.

There are numerous different methods for analyzing the current Forex market situation, each with its own advantages and disadvantages.

Some are ineffective, while others are highly complex, so it's crucial to use the optimal analysis method that will yield the best results, even for novice traders.

Practical trend analysis is nothing more than creating an optimal market research framework that considers only the most important factors influencing trend movement.

It can be divided into the following stages:

1. Overview – you open the chart of the desired currency pair, select a time frame

Forex strategy 2. Trend – its direction always serves as a guide when opening trades, so in the second stage, we determine the direction of the price movement on our time frame and how long this movement will last.

Parameters such as market volatility , trend speed, and dynamics are assessed here. All research can be performed either manually or using specialized indicators, such as Ultra Wizard .

Other signals, such as those identified through candlestick analysis, can also be taken into account.

3. Prospects – when conducting practical trend analysis, it is quite important to know how long the current trend will last.
To do this, you need to consider not only the trend strength but also the likelihood of the influence of fundamental factors (news).

Clearly, predicting every event is simply impossible, but you can at least evaluate those included in the Forex calendar .

It's important to plan your trades around important news releases to preserve your profits.
The practical process for trend analysis is quite simple, and this is precisely where its effectiveness lies. You can choose both the analysis method and the sources of trade signals yourself.