Currency Markets Trend

Currency markets often are trending long term, instead of short term speculation you should consider building a robust trend following system, it’s a smart way to speculate in foreign exchange markets.
Most profitable trend following systems are pretty simple, these basic systems work better than more complicated ones because they have less variable factors to break than the complex ones.
A great trend following system can be built on using a few indicators and support and resistance points. If you are thinking about building a trend following system you should look into breakouts in your trading strategy. Breakouts happen when the currency pair breaks out of the prevailing trend or sideways moving market, this is a good place to place your buy and sell orders.
Traders that use trend following systems trade infrequently, only when the odds are in their favor. The only thing that matters in Forex is that are you making money or not, if you are patient and wait for the system to tell you to trade you will be making profitable trades most of the time. There is a lot of short term noise in the FX markets which may make you want to trade against your system, this will surely result in losses over the long term.
Trends in Forex last for weeks. months or sometimes even years, so do not worry about picking tops or bottoms, this is not necessary. Trend following requires patience and discipline that you do not jump in and out the market. With properly built and managed system you should be able to make profit of 50-60% of the prevailing market trend, and any Forex trader would tell you that this is a great result. Good luck!