How can I tell if the market is Trending or Ranging?
In general, there are two basic types of market conditions. A ranging market or a trending market, as defined by the type of price movements taking place over a certain period of time.
The importance of understanding the basic differences between the two cannot be overstated, this is especially true if you're using an expert advisor (EA or Forex robot). Being able to determine whether you are in a ranging or a trending market may literally be the difference between your success or failure in trading.
In general, there are two basic types of market conditions. A ranging market or a trending market, as defined by the type of price movements taking place over a certain period of time.
The importance of understanding the basic differences between the two cannot be overstated, this is especially true if you're using an expert advisor (EA or Forex robot). Being able to determine whether you are in a ranging or a trending market may literally be the difference between your success or failure in trading.
