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Old 09-27-2007, 02:13 PM
Happy Happy is offline
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Quote:
Originally Posted by Exel View Post
Hello!
I am a beginner at FOREX. I know that almost everybody teaches to trade by trend. So can anybody explain me how to determine the beginning of the trend and when it is over to take profit without mistakes?

I advise you to read the theory of Charles Dow in the book Murphy, John - Technical Analysis of the Finacial Markets
“The trend is the tendency in the price movement when each of the next maximums is higher (lower) than the previous one (the same relates to the minimums).”
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