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Most of the trading in the forex market takes place on a short-term basis. One of the keys to trading success is developing the ability to spot opportunities and identify ways to take advantage of them. Clearly a great many opportunities are likely available at any given point in time among the various currency pairs traded on the forex. Trading in the direction of the major trend has long been one of the best methods for improving one's odds in the financial markets.
To be consistently profitable in Forex, traders should be able to identify market trends. Why do you need to know about trends in Forex? The answer is simple: when you know trend direction you can increase your chances to profit from a market move by opening a position in the direction of the trend. Counter trend traders can be often punished by the Forex market. A good clean trend in a well trending market is one of the favorite trading environments for all Forex traders to trade in.
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