Forex Trendy Review

[Jonita]

If you want a simple way to trade Forex markets and make a triple digit income, you should learn to trade divergence. If you learn this simple Forex trading technique, you could soon be enjoying currency trading success and making a great second income, in just 30 minutes a day. Let's take Forex Trendy Review a look at this simple Forex trading strategy in more detail.

When prices are rising the momentum of price should also be rising when, momentum diverges from price you have a warning that a trend change is coming and it works in both bull and bear markets.

The logic behind trading divergence is simple to understand - traders when greed is present push prices to far to the upside and they become overbought. When prices are overbought and momentum turns down and prices are still rising, greed has peaked and prices return to fair value. The logic of divergence is simple to understand but how do you trade it? Let's find out. Watch for a short sharp price spike to the upside and you know greed has taken hold and is pushing prices to far to quickly, you then need to check momentum against price and wait for divergence.

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There are numerous indicators which measure divergence and the best in my view are the MACD, the RSI and the stochastic. These indicators are very easy to learn and apply and will give you a visual view, of how overbought the market is and also, show when momentum turns down while prices are still rising, so you can execute your trading signal.