forex trend trading strategies

As a forex trader, one of the most important things you can do is to identify and capitalize on trends. But what exactly is a trend? And what are some of the best forex trend trading strategies that you can use to make profits?A trend is simply defined as the direction in which the market is moving. Trends can be short-term, medium-term or long-term. And they can be bullish (rising prices) or bearish (falling prices). As a forex trader, your aim is to identify these trends and then trade in the direction of the trend.There are many different ways to trade trends. Some common forex trend trading strategies include:1) The Pullback/Retracement Strategy: This strategy involves buying after prices have pulled back from a recent high (in an uptrend), or selling after prices have retraced from a recent low (in a downtrend). Essentially, you are trying to enter the market at “discounted” prices.2) The Breakout Strategy: This strategy involves placing trades just as prices are breaking out from an important level of support or resistance. Again, the aim here is to jump on board early and ride the momentum as prices move in your desired direction.3) The Trend-Following Strategy: This strategy is perhaps the most straightforward of all – you simply buy when an uptrend starts, or sell when a downtrend