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3. Advance Strategies

Trend trading

Trend trading is another popular and common forex trading strategy. It’s also easy for beginners to understand and follow. 

The technique involves identifying an upward or downward trend in a currency price movement and then choosing trade entry and exit points. These points are based on the positioning of the currency’s price within the trend, as well as the trend’s relative strength.

Trend traders use many different tools to evaluate trends, such as moving averages, relative strength indicators, volume measurements, directional indices and stochastics. 

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