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Is the Trend Your Friend?

The trend can indeed be your friend as a Forex trader. Just make sure to be aware that the trend can end, and you need to make sure you are prepared for that inevitability. When the trend ends it can be most unfriendly. The trend is often a crucial part of any Forex trading plan.

When there is a strong trend, it will eliminate some of the issues with exact timing of trades because almost no matter when you enter if the market is going in a specific direction, you can make a profit as long as you watch for when the trend changes and time your exits accordingly.

Trends in Forex can fall into three-time frames – day, swing and position. Each one of these trade lengths has their own trend. The same charts with different time periods can show a trader the trend for that period. The most commonly used charts for trading the trend are the Simple Moving Average and the Exponential Moving Average. An uptrend will be evident with higher highs and higher lows. A downtrend conversely will appear as lower highs and lower lows.

It is important to first identify the trend before determining whether you should enter or exit a trade. Once you can establish that there is a strong trend, then you will know when to enter and hopefully time your exit accordingly. Determining that you are trading with the trend and not with the corrective waves in the trend is key to remaining friends with the trend. Watching for the waves within the trend is essential to understanding how you can benefit from trading the trend.

Matching your Forex trading strategy to market conditions seems pretty straight forward. The most common market condition that traders look to use is the trend and that is why trend trading is such a popular plan. The future is always somewhat unclear in the Forex market but identifying a trend can clear that vision up a bit.

The smartest way to trade with the trend is to look for the swings that inevitably are part of any trending market. Buying on the low of the up trend and selling on the high of the low trend is an obvious trading goal. Watching the swings of the trending market can help you identify when those highs of a low trend are coming and when the lows of the uptrend happen. The longer time period charts will help you to decide the strength of the trend and determine where the swings or corrective waves are.

There are different ways of strategizing trend trading. Some use simple price action charts. Others will use indicators like the RSI, Relative Strength Index to gauge the trend and its swings. Either way, a general rule of thumb for trend trading is to enter longer positions when the market is in a upward trend and shorter positions when the market is trending downwards. Following this advice should keep you on friendly terms with the Forex trend.

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Announcing Bundesliga Champion Borussia Dortmund Regional Partnership with GMO Trading

London, 29th June 2018 – In a big announcement today, GMO Trading one of the fasting growing online CFDs trading platform providers, has touted its new partnership with Borussia Dortmund, the eight time German Bundesliga Football Champions. The pact will position GMO Trading as the official regional partner for the football club this season.

At the commencement of the upcoming Bundesliga season, the companies will work closely to grow GMO’s market leading CFDs trading platform throughout Europe outside of Germany. The 2018-19 Bundesliga football season commences on 24th August, but GMO has already begun its marketing activities on its website at www.gmotrading.com and on its social media pages.

The GMO Trading platform is currently a favorite among CFDs traders throughout Europe including Germany and the UK. It features advanced speed and security and is easy to operate. There are training and research tools making it a top choice for beginning and

For those current and new GMO Trading clients, the marketing partnership will pay great dividends. They will receive offers to purchase limited Borussia Dortmund merchandise and access to VIP tickets and perks.

GMO Trading will be rolling out a number of Borussia Dortmund themed initiatives across its website and social media pages over the coming months.

For more information, please email Rebecca Wharmby – Rebecca.Wharmby@Threepipe.co.uk

About GMO Trading

GMO Trading is the brand name of Royal Forex a Cyprus Investment Firm, regulated by Cyprus Securities and Exchange Commission.

The company prides itself in offering its clients a first class trading platform that ensures the best available tools and provides them with access to global trading markets and all the available trading products.

For more information, visit the GMO Trading website at www.gmotrading.com or visit its Facebook at www.facebook.com/gmotrading/.

Canadian Destinations to Rekindle Your Love For Nature

If you are a nature lover then Canada should most certainly be at the top of your list fo places to visit. This vast nation manages to encompass just about every type of natural environment within its borders and it offers a huge amount for tourists to discover. Owing to the size of the country, you need to be smart with your travel planning, to make sure that you are able to visit all of those spectacular natural sights that are ready and waiting for you to discover. When you do go on a trip to Canada, looking to get back in touch with nature, here are the best places that you should be aiming for.

Emerald Lake, Yukon

For animal and nature lovers, Emerald Lake in southern Yukon makes for a perfect destination. This area was given the name Emerald owing to its thick and dense green color, which both the trees and the lake have. The Yukon Wildlife Preserve is one of the best opportunities to see several of Canada’s most famous mammals. This reserve covers a vast area of over 700 acres.

Cape Breton Island, Nova Scotia

Nova Scotia is a rugged territory with a truly unique landscape. Just off the Atlantic coast here you will find Cape Bretton Island, where the Highlands National Park is situated, possibly one of Canada’s most beautiful spots. Here you will have stunning ocean views across the Atlantic Ocean as well as some of the finest vantage points to spot black bears, moose, bobcats, coyotes and the illusive red fox. As if all of this wildlife wasn’t enough, you can also take trails along the coastline which can give you a birds-eye view of whales and dolphins swimming below.

Banff National Park, Atlanta

Some of Canada’s most iconic images are those with jagged mountain ranges, peering over turquoise glacial lakes with thick forest interspersed between the two. This is exactly what you will find in Alberta’s Banff national park, a truly spectacular corner of the world. This is actually the oldest park in Canada and the region makes up over 6000 square kilometers of land. It is here that the Canadian Rockies call home, with their snow-capped peaks and dramatic landscape. Here you can take kayak tours through the lakes and rivers, hike and climb, animal spot, or simply camp out in one of the most scenic places on the planet.

Churchill, Manitoba

This area of Canada is known as the country’s polar bear capital, and a trip here will all but guarantee you a chance to witness these awesome animals in their natural habitat. As if the sight of a polar bear wasn’t enough, here you can also spot beluga whales and almost 300 different species of local birds. Beyond everything else however, seeing a polar bear up close and personal, going about its daily business, will undoubtedly be one of your biggest highlights of visiting this gorgeous region of Canada.

Why not get back in touch with nature this year and hit some of Canada’s most beautiful scenic spots.