How to know if the forex market will go up or down

The problem for many people who have been doing forex trading is to identify whether the market data chart will trend up or down. Either if you a beginner, intermediate or expert, no need to worry. This is a common problem not only for you but for every customer and trader in the world due to the financial market transactions are something that happens with the future predictions and people have to analyze the pattern and trends. Hence, the problem is common for everyone.

In this article, we directly focus to guide you about how to identify the transaction and future trend by looking at the analysis pattern and charts. Then you have the opportunity to follow different methods and tricks. Thus, it is very easy to identify the BUY or SELL transactions. Therefore don't forget about the relationship between the forex articles which we publish through our blog. All of them are interconnected and you can read them anytime as you desire. But keep in mind, read the articles one by one, don't miss any point. Every single word is very important to understand and the articles will assist you to enhance your prediction skills. These articles back and forth and then we recommend you to good to go for the upcoming articles.

Let's focus on Transaction order

This is something that everyone should adhere to. Because the loss is for you, not for me. What is this order? Whatever you do, you can easily achieve the target if you have a nice planned arrangement. You've experienced it in your normal life routine. If you have a plan, it is very easy to make profits when trading in the Forex market as you achieve goals in your lifestyle. If someone crying or suffering from a financial loss as their account has been lost due to they don't have a plan or perfect arrangement. Maybe you heard your forex trading friends say the same thing. There are comments on various Facebook groups saying people are loosing and no hopes in Forex. However, people who use this blog article will never be the same. Because we guide you differently. If you do and follow what we say, you'll never lose.

Here, we have talked about common thoughts when people doing trading. That's why we have to practice deeply with demo accounts before starting real trading. Work with a plan, follow the best suitable procedure and make a profit. That's the main challenge we have to focus on when doing forex by using real accounts.

It's not advisable to trade all the currencies. We don't do that because we need information about that currency to deal with it. Information is required to know if the respective Currency Pair is trending to upward or downward. The forex market directly impacts due to news or economic instinct. The economies of the powerful countries of the world affect the currencies of the forex financial market. Hence, you should mainly choose the types of currencies that are easier for us to deal with and have more information about currency pairs. For this reason, we recommend everyone to use only the EUR/USD and GBP/USD currencies until you understand the financial market. These three types of money are the most powerful currencies in the world. Therefore you will get enough information and news every day. It is easy to speculate on the nature of these currencies as compared to other currencies.

Open Trading Quantity - This is another thing you must follow. Because beginner level traders invest $100 and put 5 to 10 trading at once. That's not a good thing. If you trade like that, you may lose your entire account. Nobody wants to lose. Hence, keep in mind that the best way is to use a single transaction at a time, then close it and proceed to another. In other words, do trade one by one and remember to apply only 0.01 lot sizes.

MT4 Software - Don't ever mess with your MT4 software by adding a lot of indicators, patterns, etc. There is no such huge benefit by adding those things. Therefore, you should only use the charts you are dealing with and a template which you familiar with.

Will the market go up or down
Now we are going to talk about whether the market is going up or down and how to identify such opportunities and scenarios. In the beginning, we are going to mention a very simple way to keep in mind. Use only for training demo accounts. Because we need to talk about this going forward, we don't need to talk about high prediction tools at the moment and perhaps you don't even understand them. Hense let's start with the basics. No one can say in 100% accurate that the market will go up or down. However, traders can guess and predict the patterns. You should keep in mind that we are using various methods, tricks, tips or whatever, it's all about to predict the future trend for a BUY or SELL trade.

How to use mountain system
Everyone has seen the mountains. Where's the mountain shape going? Top up a little further down. Back to the top and going down. Look at the forex market graph and patterns. The pattern is like a mountain system. We have attached a screenshot. The trading graph looks like a mountain.

Here is the idea we can take. If we climb up a mountain, then we have to climb down. Look at the graph above and it's the same as climbing a mountain. You can use this method to get an idea of the general transactions. But the problem is the market is changing as the line goes up and down again. It's the most important place where the line starts to going up or downtrend. We are dealing with two currencies. The market is going up because of the changes in both currencies. For example, if we take the EUR/USD, we know that the EUR goes up because the USD goes down. And if the EUR goes down, the USD will go up. In either case, one money will continue to go up or down. Somewhere, it definitely stops. The next step is to go back in the opposite direction. The country that reducing thair currency is adopting various economic strategies to reinvest its money. Then the depreciation is reinforced, and the increased currency is going down again.

Now all you have to do is find a stopping point at the top or the bottom of the pattern. Because that's where the next opposite direction begins. At that changing point, you can enter a transaction. Use your Demo Accounts to test this method and practice it with several tradings. However, if you open a transaction this way, don't hold it in for too long. Generally, you take your profit of 10 to 15 pips. Otherwise, the line goes opposite direction where you put trade. This method can be used in the following ways. Try it yourself and make some profit.

If the market has reached the top of the chart, it means we're at the top of the mountain. And then there's a slope to down direction. So what are we putting at the top of this mountain or chart? Sell trade. Because the market should go down.

The market is down at the bottom of the chart, which means we're at the bottom of the mountain. Next, we come to another hike. When it comes to the bottom of the chart, we can put a BUY trade because we have to climb up.

Study this thoroughly. Now we know that you can put Sell Trade at the top of the Chart and Buy Trade at the bottom of the Chart. However, you don't have to wait until the line goes up to the top. Usually, the candlesticks show up or down in our chart, so at the end of any climb you will see, the candle color is changing or creating sell candles. This convinces us that the market is starting for a downtrend. Use M15 or M30 time charts for a better result. However, there are a few limitations to using his method. Let's try to understand them as well.