Hi, are you looking for a detailed and precise Forex Trendy review to better understand how this tool works and if it’s for you?
Well you’re in the right place! Let’s begin!
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Trend is your best friend!
This famous phrase echoes in every respectable trading room, be it that of a bank, or that of a retail trader.
It is a golden rule that should never be forgotten or underestimated!
Why?
Trading during a trend is the most logical, easy and often profitable approach a trader can take.
What are the strategies to adopt when a market is trending?
I’ll list two of them, which are the ones we’re going to deal with here:
– Trend following
-Chart patterns trading
In the trend following we will follow a market trend with a small (under 20%), strong and lasting drawdown.
In the chart pattern trading we will perform operations whenever the price breaks a continuation pattern (which is formed during the trends) such as triangles, wedges and flags.
To do this in an automatic and precise way we will go to use a famous online tool also known as Forex Trendy.
• The company has been offering this service to traders for many years and is unquestionably among the best. (I really like their service)
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Forex Trendy: The best friend of trend follower!
In this Forex Trendy review you will discover all the potential of this effective online tool, its strengths and the ways in which you can exploit it.
First of all, once registered on the official website you will enter the member area and you will find three sections:
– The first one dedicated to trend following
– The second dedicated to chart patterns trading
– The third one to the settings or to the control map where you can choose which currency pairs to follow, time frames (almost all time frames are present from 5 minutes to monthly) and finally you can decide where to receive alerts.
There are three possibilities of receiving alerts: email, text message, PC-smartphone screen.
Forex trendy review: Trend following section!
In this section you will find all the currency pairs that are in a trend phase, oh I forgot, in addition to the 34 Forex pairs scanned by Forex Trendy there are also three commodities:
– Gold
– Crude oil
– Silver.
At the top of the page the best trend of the moment will be shown, with the smallest drawdown.
It is not uncommon to find trends with drawdowns less than 15% (with which the banks operate).
These trends often represent excellent profit opportunities. Especially those on the 4H time frame are long lasting and solid.
For each trending pair the trend relative to each time frame is shown plus the drawdown present on it. (lower part of the figure)
By scrolling down you will find trends with increasing drawdowns.
In the settings section you can decide which drawdown to use, so assuming that your trend following strategy includes drawdowns below 18% (it’s just an example), setting the value to 18 you will receive alerts whenever a trend is formed with this value of drawdown on the currency pairs you chose to follow with Forex Trendy.
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Forex trendy review: Chart patterns trading
Here comes the highlight!
Finding continuation patterns during trends is not easy for beginners or have little time available during the day.
For this reason, Forex Trendy is a great ally for both the beginner and the experienced but busy trader.
The powerful algorithm not only recognizes market trends, but also continuation patterns such as triangles, wedges and flags.
How is it possible?
Forex Trendy is able to automatically draw precise trend lines with more than three touching points. The greater the number of touching points the greater the reliability of the trend line and the pattern.
This is done for each time frame (5min-15-30-1H-4H-1D-1W-1M) and 34 Forex pairs plus the three commodities (gold, silver, crude oil).
How does it work?
Each time a figure is formed (triangle, wedge, flag) and the price breaks it up or down, a buy or sell signal will be generated. The longer the trend momentum in which the pattern is formed, the more reliable the signal will be.
Within the settings section you can choose 5 levels from the lowest all highest under the heading “reliability”.
In the chart patterns section you will not only be able to see all the emerging patterns on all the time frames you prefer but also the completed patterns.
As you can see from the figure the user interface is simple and intuitive!
At the top left you will find the trend indicated by a green (uptrend) or red (downtrend) arrow next to the Forex Pair or commodity.
On the right the name of the pattern (triangle, flag, wedge) and at the bottom the fibonacci targets to set take profits.
I want to remind you to always use the stop loss to protect your account, there are no magic tools to gain 100% with Forex trading and never lose!
So in summary, whenever the price breaks the trend line Forex Trendy generates a buy or sell signal that you will receive in your mailbox, either via a text message or directly on the PC smartphone screen.
Forex Trendy Review: Additional bonuses
This trendy Forex Review would not be complete if I did not list the bonuses that you can receive once registered on this online tool.
The first bonus is the section dedicated to chart patterns trading, in fact Forex Trendy was born as a trend scanner, so this additional service is bestowed by the company as a bonus.
The second bonus is a detailed but easy to read e-book, where you will learn the secrets of trend following and chart patterns trading, and how to best optimize these strategies to maximize profits and reduce losses.
The third bonus concerns the free training offered by the company, where you will receive weekly instructions and lessons to make the best use of the online tool and increase your trading knowledge.
Forex Trendy review: Summing up
I hope this review has been exhaustive and answered your doubts helping you to understand if this online tool is right for you or not.
I summarize below all the benefits you will get by using it:
– Opportunity to save valuable time and energies by letting Forex Trendy carry out the technical analysis of 34 Forex Pairs and three commodities.
– Accurate and instantaneous signals
– All time frames for each trading style
– Detailed and very useful weekly training
– Chart patterns scanned with accuracy in a completely automatic way
– You will be able to avoid making mistakes in technical analysis, and where many traders will be wrong you will approach the market with accurate and reliable buy or sell signals.
– Explanatory e-book on trend following and continuation patterns
– Professional customer service, courteous and quick to respond.
– Audible alerts receivable via email, sms or directly on the screen of your PC-smartphone
– Unbeatable price that makes other signal providers look like thieves (read below).
Forex trendy review: Ok everything beautiful but how much does it cost?!
Although the service is excellent, reliable and professional, the cost will surprise you. You can take advantage of all this for just $ 37 every 90 days ($ 3 per week – 60 cents per day!).
As you well know, many services similar to this have much higher access costs!
Furthermore, if you have decided to use Forex Trendy, I advise you not to delay as more traders sign up the more the price will increase.
So Hurry Up!
In case you have specific requests, do not hesitate to contact me at acetrader@forex-expert.net . I will personally replay asap!
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Hi …
This Santosh from India
I want to ask you this indicator will work on Indian Stock market.?
Hello,
this is a Forex signal service.
Best Regards