User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 30, 2016 - 23:01:00 GMT
. - .

Share This Story:
| | Email

Tips to trade the trend line in the forex market.

The study of the price movement of any pair regardless of any economic event is known as the technical analysis. In the forex industry, there is a saying that “history tends to repeat itself”. Traders use the past price movement to determine the potential support and resistance level of any pair to take their trade. They use different parameter and chart to identify the potential key reversal and entry point in the currency pair by using the technical analysis.

One of the most advanced way of trading the financial instrument by using the trend line support and resistance level. There is a well-known proverb “Trend is your friend” in the forex industry. Professional traders draw trend line in order to take potential trade in the forex market. A valid trend line will always have at least three connecting points in any currency pairs. Trading the trend line with price action signal confirmation and confluence gives better result in the long run.

Let's see an example how the professional traders trade the trend line support.

Figure: Trading the trend line support

In the above figure, a valid trend line is drawn by connecting three major swinging points of the NZDUSD chart. A, B and C are the three major connecting points of the trend line. The trader will look for buying opportunity at the point D in the trend line. Here the trend line acts as sloping support level for the currency pairs.

Price Action Analysis

The study of raw price data and candlestick formation is known as the price action analysis. Candlestick confirmation in the key support and resistance level gives much more accurate trading signals. This is one of the most reliable and advanced technical analysis that the professional traders use before taking a trade. To be precise Price action traders are combining the fundamentals of technical analysis with the candlestick pattern to secure high probability trade in the forex market.

So how do master the art of trend line trading?

In order to master the art of trend line trading, you must know how to draw the trend line in any currency pair. Professional traders use the higher highs or lower lows of the market to draw the trend line .Always make sure that you have at least three connecting points for drawing the trend line. Never for the trend has a line to join the higher highs or lower lowered. If you forcefully join them it will be a faulty trend line and you will lose huge amount money due to the faulty trend line. From the above figure, you can see that how the professional draw the perfect trend line in the currency pair.

The trend in favor of the long-term prevailing trend: This is one of the most well-known proverbs in the forex industry. You should always draw trend line in favor of the long-term prevailing trend in order to avoid silly mistakes. Most of the professional traders use the daily and weekly time frame to draw the trend line in the currency pair. Once you draw the trend line make you trade the trend line support and resistance level with price action confirmation signal.

Price action setup: The most reliable candlestick pattern are often formed at the key support and resistance level in the market. Trend line trading should be done with price action confirmation signal. Professional price action trader always uses the highly reliable price action candlestick pattern to trade the key support and resistance level in the market. It true that trading the trend line with candlestick formation will seem little bit difficult but once you practice them in the higher time frame it will eventually become easier.

Money management: No matter which trading strategy you follow it extremely important to use proper risk management factors. Those who are trading the financial instrument for a long period of time have been consistently profitable due to their proper risk management factors. If you don’t know your potential risk then you will never succeed in the forex market. Risk management factors vary from traders to traders. It’s not mandatory to follow 2% rule since it actually doesn’t work in real life trading. Rather you should focus your risk in terms of dollar and you must be comfortable with the risked amount in every single trade. Always make sure that your winner is bigger than your loser. So, in this way, you will still earn money even after having more losing trades in the market.

Summary: There are a number of different methods for trading the financial instrument in the world. One of the most popular methods is trend line trading method. If you to become a professional forex trader then you need to trade the market in favor of the long-term prevailing trend. Experts use the trend line to execute their orders in the market.AS a professional trend trader always make sure that you are not blindly trading the trend line. The trend line is often broken in the forex market. So if the trade goes against you that you cut your loss early. And always use price action confirmation signal to execute any orders in the market. Trading with price action confirmation signal will greatly increase your winning streak in the forex market. Never try to recover your loss after consecutive bad trades. Always remember that losing is just part of trading. Even the most professional traders lose very often in the forex market.


Article was written by Dwayne Buzzell

An economist, Forex trader and Forex writer.  I have a keen eye for spotting international trading trends. My Forex experience as an individual trader has been thoroughly enjoyable and has brought significant returns for myself and my clients. More on my website: Forex Trader



Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105