Forex Trend Trading – What You Need To Know
Every Forex (currency) trader has searched for the ultimate Forex trading systems, that ‘holy grail’, if you will, which leads to easy profits. And while technically, a holy grail doesn’t exist, there are Forex trend trading strategies that come very close! One such Forex trend scanner which identifies entries into the market, is called Forex Trendy.
Whether you are new to trading, or more experienced, you put a lot of work into learning, and building your knowledge base and experience. There are so many tools out there and it can be exhausting trying to figure out which one’s are optimal for you. That’s why I wanted to bring some of the best ‘tools’ I’ve found, and share them with you, to help narrow the search. I only want to showcase the best products and services!
As a fairly experienced trader, a fellow trader I know pointed me to this software called Forex Trendy, which he told me, locates all the highest probability new trends occurring, in real time. Well, I am always looking for what is going to make my trading experience faster, and more reliable, in attaining results. So I decided to test it out on my Meta-trader 4 platform. I placed demo trades for a month, and I found the scanner to be extremely accurate, especially with the higher time frames – on the 4 hour and the daily charts.
I found the Forex Trendy software easy to read, which makes it user friendly, with no confusing signals. (If you’d like more in-depth understanding regarding the nature of ‘trends’, please enjoy this free e-book to help you better understand Forex trend trading!) Most of us have heard the expression, ‘the trend is your friend’, but is finding and identifying a new trend, or the continuation of one, actually that simple? Not really.
Unless you thoroughly comprehend support and resistance levels, price closing above or below key moving averages, and other indicators as well, it is not that obvious! It only becomes obvious after the fact, as in, hindsight.
Even after years of trading, I’m not always sure about what I’m seeing on a chart. So I really wanted to test out Forex Trendy for a bit, and after using it for one month, I saw that the trends it was identifying were spot on, and doing a way better job at finding a new trend early on, than I ever could.
What Are The Benefits And Drawbacks I See With Forex Trendy?
Pros: Easy to use, easy to read, excellent for beginning & pro traders
Cons: You still have to learn some of the fundamentals of trading, like where to set stop losses and take profit targets. This is easily remedied by going to BabyPips.com, which gives you a full trading education for free, geared towards beginners.
(You will need to practice on a demo account first, and if you are new, you must learn how to place trades, set stop losses, and take profits. This will require some practice.)
If you have the desire to earn money as a retail trader, and want to be in charge of this yourself, well, Forex trend trading is probably the most effective and fool-proof method of becoming consistently profitable. Because, what other options do you have, when you aren’t experienced enough to read indicators and plot your own charts, looking for trade set-ups?
Do you want to spend years becoming an expert at that? This is where Forex Trendy comes in. Being a retail trader (buying and selling in the Forex market as an individual), and making money online from anywhere in the world, on your laptop or phone, gives you the ultimate freedom. Travel, and trade whenever you want! FX Trendy makes trading a breeze.
There are several requirements to becoming a successful Forex trader, but one of the most basic and essential skills needed to succeed, is knowing how to identify a true trend. In other words, without this knowledge, you are a rudderless ship going nowhere.
When a currency pair is about to break out of a consolidation, or sideways movement, which frankly, is how price is often moving, there are multiple ‘signals’ indicating a breakout in the making, but you have to know how to read it.
Very experienced traders usually have this skill under their belt, but it can still be tricky, and time consuming, to be confident that a new bullish or bearish trend has established itself. Buying or selling into a position based solely upon the existence of a trend that is either up or down on any given currency pair, is easily the most basic way to determine when to enter the market.
This makes it far less complicated for inexperienced traders and newbies. This software eliminates false break-outs, ‘fake’ moves in the market, which can be hard to detect. This makes it extremely valuable in avoiding unnecessary losses! It’s how you increase your ROI, and get your ‘win’ rate up to 90% or higher!
You install the program to your trading platform with a few clicks, and that’s it. It’s super easy to do. It will scan and display all currency pairs in real time, 24/7. If there is no trend on your currency pair of choice, you keep looking until you find one. You can visually scan your entire dashboard in moments to locate trending pairs. This software is broker supported, so you can use it with any Forex broker.
Below is a screenshot that shows how the software signals and indicates, when to enter the market, going in the direction of a newly formed trend. The dashboard itself will show you the direction of the trend across all different time frames, from 1 minute to 1 month.
You can set this up for 30+ pairs to be scanned, and though it happens infrequently, if NOTHING is trending anywhere, stay out of the market!, it means that you will be spared probable losses!
The true definition of win-win in trading is when you don’t take unnecessary risks and incur what I like to call, ‘stupid losses’, that could have been avoided. Forex Trendy will keep you on course!
What Do I Love Most About Forex Trendy?
- No spending hours poring over charts – saves me loads of time
- Easy to read – find trades instantly
- Great support and trader’s forum. Get all the help you need
- Set up text alerts, & notifications on your trading charts
How many times have I entered a trade, only for price to immediately move against me as it goes into correction mode. Then I frequently had to wait until the trend resumed, IF it did. This can take time…often days, sometimes weeks, and tie up your capital in the process!
Your scanner will get you into only the best trades, at the beginning of a trend. Patience is key as a trader, but that patience will wear thin if you have a less than perfect trading system that too often, gets you into trades late! You may still be profitable in the long run, but you end up with much smaller, more frustrating returns.
This is where the Forex Trendy software literally saves your butt by getting you into the right trades, at the right TIME. Having been a trader now for going on 6 years, I am seriously tired of staring at charts for hours on end, I just want to find a trade and set it, & forget it!
So guys, if you are ready to have one of the best tools out there, to show you exactly where to enter the market, and when, check out Forex Trendy. Having this tool at your disposal enables you to make safe trading decisions. Watch the video below to understand more about the advantage of using Forex Trendy for making trading decisions.
For all you Forex traders out there, wouldn’t you agree that an automated software that HANDS YOU entries at the start of each new trend, would be an incredible time saver? That way, you can still use any of your own confirming indicators to back up the FX Trendy signal, to get a rock solid entry!
If you are new to trading, you will be able to cut your overall learning curve significantly by using this tool. It takes all the work out of ‘finding trades’. You don’t have to worry about indicators, candle stick patterns, support and resistance levels etc, etc. Forex Trendy software’s advanced algorithms configures all of that for you, with the end result of showing only the very best trends occurring in that moment.
Suddenly, your only job as a Forex trader is to practice good risk management, while placing all the trades handed to you on a silver platter by Forex Trendy!
- Simple software to install
- Live charts of the best trending currency pairs and time frames
- Audible alerts, email alerts
- User friendly interface
- Optionally, you can select / deselect pairs or time frames from the auto analysis and more options
- Quick overview of the trends on all time frames
- And a special bonus! Automated chart analysis – recognizing “Triangles, Flags, Wedges and Trend Lines” on 34 currency pairs and all time frames!
See all the features FX TRENDY offers, that come with this superb and very affordable trading system, to keep you in profit for years to come. Enjoy an exceptional customer service experience, as you will have all the help you need from their dedicated staff.
FX Trendy also has an ironclad, 60 day guarantee on refunds (through Clickbank, the world’s best payment processor. They honor refunds 100% of the time!) should you decide Forex Trendy isn’t for you, so there is nothing to lose by trying it! Go HERE to sign up, risk free!
(For a trusted Forex broker recommendation, go here)
I wish you the best of luck in your trading ventures….if you’d like to leave a comment, or ask questions, please do, I’d love to hear from you!