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A trend is basically defined as the general direction of price movements. An uptrend is present when prices proceed to make consecutive higher highs (tops) and higher lows (bottoms). A downtrend is in progress when prices make a sequence of lower highs and lower lows. When prices move without any discernible direction, they are said to be trading sideways or in a range.The main aim of any forex trader is to minimize their losses and maximize...more
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