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Expert:
Rob Clayton
Hosted by:
USGFX
Registered Users: 53
- Forex
- Technical Analysis
- Beginners
- Intermediate
What are the risks of trading “Intraday”, and not knowing "what the Primary-Trend to the Secondary-Trend to the Minor" is?In Dow theory, a
Primary Trend or a
Major Trend is the main direction in which the market is moving. Conversely, a
Secondary Trend or an
Intermediate Trend moves in the opposite direction of the
primary trend, or as a correction to the
primary trend.
There is also a
Minor Trend, in the direction of the secular or the primary trend. However, these trends last for a few days to a few weeks. These are again corrections and rallies within the intermediary trend.
On an hourly scale, we might see that the price is moving upwards, but when the chart is zoomed out to say a weekly timeframe, it might show that the overall asset is either on an up or downtrend.
So, why should this concern us? To find out more, please enroll this Webinar.
Rob ClaytonRob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets. Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better, smarter trading decisions!
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