Forex Education: 3 Steps to Buy the Dip or Sell the Rally

DailyFX:

1. Determine trend direction
2. Pick your favorite oscillator
3. Filter your signals in the direction of the trend

Filtering your trades in the direction of the trend is a critical element to improving the probability of consistent results. Remember, only buy in an uptrend and sell only in a downtrend.

Following this easy 3 step process will allows you to identify trading opportunities. The next part of the equation is to then determine your trade size.
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