A trend of any direction can be classified as either a long-term trend, an intermediate trend or a short-term trend. For forex trading, a long-term trend is composed of several intermediate trends. The short-term trends are components of both major and intermediate trends.

Know your limits and do not over trade. Risk management is the key to preserving trading capital and attaining trading success. Maintain trading discipline at all times and know the difference between not fighting the trend and following the herd.

A reversal is a change in the direction of a price trend, which can be a positive or negative change against the prevailing trend. On a price chart, reversals undergo a recognizable change in the price structure. A reversal is also referred to as a "trend reversal," a "rally" or a "correction."

Divergence is considered to be positive or negative. Either direction is a signal of a major shift in the direction of the price. Positive divergence occurs when the price of a security makes a new low while the indicator starts to climb. Negative divergence happens when the price of the security makes a new high, but the indicator fails to do the same and instead closes lower than the previous high.

Continuation chart patterns are formations that show sideways price action. Unlike reversal patterns which indicate a change in the trend, continuation patterns actually show that there is a temporary pause in the trend where prices consolidate after a big move.

Trend traders attempt to isolate and extract profit from trends. There are multiple ways to do this. No single indicator will punch your ticket to market riches, as trading involves other factors such as risk management and trading psychology as well. But certain indicators have stood the test of time and remain popular amongst trend traders.

Speed resistance lines used in fxTrade create a fan similar to the Fibonacci fan. However, rather than using Fibonacci numbers, the fan uses calculations by thirds. Many traders watch for a move below the two-thirds level as a signal of continued retracement toward the one-third level. Click the minimum and maximum points of an identifiable trend to create the reference line. Two other lines are drawn fanning out from this line at angles of 33.33% and 66.66%. These lines represent lines of possible price support on retracement. They may give insight not only to the degree of retracement but also the rate of retracement (hence the term "speed lines").

A reversal is a change in the direction of a price trend, which can be a positive or negative change against the prevailing trend. On a price chart, reversals undergo a recognizable change in the price structure. A reversal is also referred to as a "trend reversal," a "rally" or a "correction."

Trend is the direction that prices are moving in, based on where they have been in the past. Trends are made up of peaks and troughs. It is the direction of those peaks and troughs that constitute a market’s trend. Whether those peaks and troughs are moving up, down, or sideways indicate the direction of the trend.

Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.

The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948)

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005.