Monday 29 August 2011

Trading Trend Patterns

The double bottom Forex trading trend pattern is similar to the Double top, only the other way around. Trading Forex should involve a constant search in chart for patterns similar to the double bottom, and can be recognized through the following details:

- You first see a long drop in currency price.
- This is followed by a short rise, and the first bottom.
- Next comes the short rise, and a top.
- Finally comes the second bottom, followed by a long expected rise.
The double bottom Forex trading trend pattern can be recognized easily by noticing the 'W' shape. The trader needs to initiate the buying of the ask price right when he notices the final long rise.

Advanced Trader

Trade currencies online with a professional software. Enhanced features and performances, advanced analysis and charting tools designed with the professional trader in mind.

Fully integrated desktop application.
Very user-friendly and easy to use.
Quick download (Java based).
Provides extra stability.
Unmatched execution speed.
No re-quotes nor re-confirmations necessary.
Place complex orders including contingency orders.
Print out any reports you need anytime.
Advanced analysis and charting tools.