Forex Monster Trader Review

In the planet's Massive Money Marketplace exactly exactly where exchanges obtain up to trillions of bucks each day, a ton of individuals would genuinely wish to require portion in this Marketplace. Aside from turning into the Huge Financial Marketplace in the globe, Foreign exchange is also the most liquid Marketplace in the globe precisely exactly where trades are completed 24 hours a day.A heap of Traders have flip out to be genuinely wealthy Trading within the forex monster trader Marketplace. And, heaps of men and women who trade within the forex monster trader Marketplace on an everyday basis have located a terrific method to switch their day jobs. Some even became millionaires nearly overnight by just Trading during this Money Marketplace.Trading in the forex monster trader Market can be pretty attractive. On the other hand, you actually should extremely conjointly recognize that there have been individuals who suffered severe economic losses in the Foreign exchange Marketplace. It is correct that the Foreign exchange Marketplace provides an incredibly fantastic money-generating probability to a lot of fellows and women, however it also has its dangers.It is a reality that individuals at this time who didn't have the appropriate information and experience Trading in the forex monster trader Marketplace suffered huge financial losses and some even went into debt.

As a trader, understanding how to research a chart is an important ability that you just ought to have. So, when you're looking out for a Foreign exchange Trading lessons, you would like to look for a lessons that provides crucial and technical analysis instruction.Strain plays a vital portion in forex monster trader Traders. Understanding how to house tension is also an ability that you ought to actually build. A nice forex monster trader Trading Training ought to show you ways to house pressure and trade efficiently and effectively.As abundant as doable, you really very ought to appear for a Foreign exchange Schooling that offer real Trading systems specifically where students can trade real currency on the Foreign exchange Marketplace or a minimum of trade on dummy accounts in an exceedingly simulated Foreign exchange Marketplace. This hands-on understanding can significantly advantage you. Additionally, the most effective means to uncover out about anything is by really experiencing it. Live Trading and simulations very should be provided in an exceedingly forex monster trader Trading course.forex monster trader trading on the internet will get you specifically where you would like to travel quicker and additional profitably than any other type of trading.

Verify it out and see what forex monster trader trading on the net can do for you!

Terribly simply, all you have to do is install the One Day Swing Trades system, and in the evening or day time when you decide to trade you identify setups, set your targets and stops, and let the market do what the market wants to do. Mere hours later you'll see the results that this forex trading system will achieve for you. One Day Swing Trades Video

To be a successful trader you MUST have a plan in the shape of a resilient trading system. I developed Forex Profit Monster in 2006 and are trading it on a live account since 2007. That is virtually five years… and even though FPM doesn't win every month (no trading system does… if somebody tries to inform you theirs will you would like to run the other way) it's kept my losses and drawdowns to a minimum and delivered relatively steady profits over time. The month of September was no exception, with a win of over two,200 pips. This extraordinary month puts me at a new high for total pips won and a ton of importantly, at a whole new high in my account balance! It's also virtually doubled the pip total for the year… all in all a nice month!

Here are the small print for September:

16 trades

eight wins: a pair of,756 pips
eight losses: 529 pips

Total pips: +two,227

What Are Pips in Forex

The term pip is a short form for percentage in point or price interest point. It is used when investing in foreign currencies on the Forex market.

A percentage in point means the amount of modifying in the exchange rate on a currency pair. Here currency pairs present to 4 decimal places, one pip is equivalent to 0.0001. But Yen-based currency couples are exceptions that are represented to only two decimal places (0.01). Various brokers now propose fractional pips to give an extra digit of accuracy when estimate exchange rates for definite currency pairs. A partial pip is equal to 1/10 of a pip.

A pip is an extremely small calculate of change in a pair in the forex market. It can be determined in ways of the quote or in the underlying currency. Fundamentally A pip is an identical unit and is the minimum amount by which a currency reference can modify, which is frequently $0.0001 for U.S.-dollar based on currency pairs, which is additional normally referred to as 1/100th of 1%, or one base point. This consistent size assists to protect traders from huge losses. For an instance, when a percentage in point was 10 basis points, a one-pip modify would reason to more extreme instability in currency standards.

Suppose that we have a USD/EUR straight quote of 0.7747. Here what this quote shows is that for US$1, the investor can purchase about 0.7747 euros. Whenever there was a one-pip raise in this quote (to 0.7748), the charge of the U.S. dollar would increase relative to the euro, as US$1 would permit you to purchase slightly more euros.

Determining Pip Value

Currency Buying and selling Exchange Costs Tutorial

Earnings are attained and missing on the international exchange, or ‘Forex’, market place owing to fluctuations in the exchange charge. This truth may seem like prevalent awareness, but one particular must not consider for granted how exchange costs are determined.

Get Ideal Day Buying and selling Tools For Day Traders and Scalpers!

There is essentially a very loaded background powering the principle of the exchange charge, and it is essential that you understand why items arrived to be as they are — as very well as how to capitalize on that awareness.

This fast tutorial on exchange costs will assist you do just that.

To start with, permit us glimpse at the easiest definition of an exchange charge. An exchange charge is the price of one particular currency in relation to one more. If one particular U.S. greenback is value $1.20 Canadian, then the exchange charge is 1:1.two, or 1.two for the CAD/USD currency pair.

What does this genuinely imply, though? Why is it that one particular currency can be value far more than one more, and who decides?

If you glimpse again to the earlier element of the twentieth Century, you will recall that most currencies of the environment were being again by treasured metals, like silver and gold.

It used to be that the United States followed the ‘gold standard’, which ‘pegged’ the Dollar to the cost of 1 ounce of gold. All other currencies were being then ‘pegged’ to the Dollar and allowed to fluctuate in both way by a margin of no far more than 1 per cent.

This sort of exchange charge, although it allowed for small fluctuation, was regarded a “preset exchange charge”.

Now, quick-forward to the latter half of the century, and you locate that the ‘gold standard’ has been dropped, along with the preset charge design of exchange. Instead, the international exchange market place now operates principally on a ‘fluctuating exchange rate’.

Fluctuating exchange costs are governed by the market place forces of offer and demand from customers. If the demand from customers for a currency exceeds the offer, then the exchange charge (and price) of that currency will rise.

Likewise, if the offer of a currency exceeds market place demand from customers, then the price of that currency (and its exchange charge) will fall.

We see this going on right now with the U.S. Dollar. In order to hold up with govt paying out, the federal reserve prints far more and far more pounds, then sells them to other countries as ‘debt’.

The market place forces which previously gave the greenback its strength — these kinds of as oil exports and oil transaction denominated in U.S. pounds – have eroded. Thus, we not only locate the exchange charge of the greenback weakened, but also the exchange costs of a lot of of our closest investing partners.

The Japanese Yen, for illustration, has fallen even far more than the greenback. Component of this is owing an total crash in the Asian market place, but it is also joined to the truth that much of Japan’s financial progress at the conclude of the previous century depended on exports to the United States.

This is just one particular illustration of how market place forces affect exchange costs, but it is a useful one particular for inspecting some of the aspects involved in charge fluctuations.

If you would like a serious environment exchange charge tutorial, I advise opening a demo investing account with an on-line broker. Do some examination trades to get a sense for items, and make take note of latest exchange costs.

Then, make positive you keep abreast of environment and money news, and see if you can place the associations involving big bulletins and charge fluctuations!



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three Approaches to Make Quick Income On-line Beginning With a 100 Pound Financial commitment

Quick techniques to make money on the internet are really hard to appear by and rather typically contain some kind of gambling or they flip out not to be genuine business possibilities. The title of this short article is three techniques to make quickly money on the internet, so these days that is specifically what I am heading to give you and yes some of them are gambling programs and some of them are wonderful business possibilities. But they all operate and with minimal expertise and you can try them out in a demo manner to start with.

Roulette

This is a incredibly basic process that entails putting a one chip wager on possibly red or black if it wins then acquire the financial gain and set a one chip wager on the opposite color if it loses then double up on the identical wager and keep doubling up till it wins. At the time it wins you basically wager again just one chip on the opposite color if “” comes in then rely that as being a loss and basically double up again. This is a wonderful way to make quickly money on the internet but I would advise beginning with at the very least £100.

Currency trading

For this process of buying and selling you need to have to have market charts available. Most buying and selling platforms will supply these for you. At the time you have your charts you need to have to established them for one moment candle adhere setting. On the chart incorporate two basic shifting averages one particular established at 10 and one particular established at 20. When the shifting averages cross this exhibits brief time period modify of route and a way of building quickly money is to make a wager that the development will proceed on its new development for 10 pips or till the shifting averages cross back again in excess of. For quickly techniques to make money I would advise beginning with £100 and betting £2 a pip this will give you potential revenue of £20 for each MA cross in excess of.

Twitter

There are hundreds of courses on the web that will pay you to resell their memberships, for individuals to make money with Twitter. The courses usually give to crank out hundreds of automated followers and at the identical time market their system to your followers all automated and within just the spam rules of Twitter. This is a wonderful way to make quickly money on the internet if you have about £37 for your month to month payment and a few of several hours every day to update your twitter account.



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Local Currency Trading Company Shows Orlando Residents How to Make Money During a Recession

Lake Mary, FL (PRWEB) May 22, 2009

Due to public demand Market Traders Institute (MTI) will once again be hosting “Introduction to the Forex (Foreign Currency Exchange) market”, seminars at the Orlando Marriott Downtown on May 27th at 1pm & 6pm.

These free seminars are a way for MTI to teach Central Florida residents' how to make money or protect their current investments during recessions and unstable market conditions. All seminars are taught by industry professionals and are by appointment only.

Market Traders Institute's goal is to give back to the community by sharing the success our clients have experienced in the Forex market and empowering not only current investors but people new to investing as well. We are taking this step to help Central Floridians boost the local economy and protect their lifestyle.

Due to high demand and space constraints we can only accept the first 200 people who make an appointment for this event. Since we are committed to helping Central Floridians get back on their feet we are planning on hosting more seminars in the future.

Jared Martinez, trader, entrepreneur and founder of Market Traders Institute, Inc., based in Orlando, Florida, is the creator and author of several Trading courses such as The 10 Keys to Successful Trading and The Ultimate Traders Package. His most recent accomplishment is his nationally published book titled The 10 Essentials of Forex Trading.

MTI was founded in 1994 and is the World's Oldest & most trusted Forex Educational Company. MTI has over 80 employees in North America and the Caribbean.

For more information about Market Traders Institute, please call (800-866-7431). To sign up for one of our Free Forex Seminars please call (866-545-7557) from 10am-6pm M-F, or visit us on the web: http://www.markettraders.com .

Market Traders Institute

400 Colonial Center Pkwy. Suite 350

Lake Mary, Fl. 32746

Contact: Bert J. Reynolds, Business Intelligence, (407-740-0900 ext. 323)

FXCM to Acquire Japanese Forex Broker Foreland Forex Co., Ltd. | Business Wire

NEW YORK–(BUSINESS WIRE)–FXCM

Inc. (NYSE: FXCM), a leading online provider of foreign

exchange, (“FX”), trading and related services worldwide, today

announced that its subsidiary FXCM Japan Securities Co., Ltd. (“FXCM

Japan”) has agreed on terms to acquire Japanese FX broker Foreland Forex

Co., Ltd. (“Foreland”), subject to certain adjustments. The agreement is

subject to final documentation and is anticipated to be completed in the

first half of October.

Foreland is one of the oldest and most established Japanese FX brokers,

offering retail FX trading since 2001. They have established a

reputation for offering attractive swap points, competitive spreads, and

aiming to expand a customer’s trading life by offering market commentary

and analysis, education and trading tools. As of September 1, 2011

Foreland had over 18,500 tradable accounts* with client equity of over

$190 million. When combined with FXCM Japan’s over 25,700 tradable

accounts* and over $159 million in client equity, the result is one of

the largest retail FX brokers in Japan.

Commenting on the acquisition, Drew Niv, CEO of FXCM, said, “FXCM Japan

is gaining critical mass in Japan, the world’s largest retail FX market,

and a region we continue to be bullish on.” The proposed transaction,

Niv added, “is another example of our disciplined acquisition approach.

After closing, we look to see immediate payoff from growth in client

equity and increased brand recognition in Japan.” Niv continued, “This

merger positions FXCM Japan to be one of the largest retail FX brokers

in the Japanese market, where we continue to grow in size, but more

importantly continue to strive to bring the top product to Japanese

traders.” Adding, “Foreland targeted a very different customer base than

we normally do and this adds worth to the acquisition because it

diversifies our holdings.”

As with FXCM’s acquisition earlier this year of the retail FX business

of GCI Capital, FXCM believes this deal was attractive from a value

standpoint. With the completion of major regulatory changes, FXCM

believes that the Japanese market is particularly attractive with large

numbers of retail FX clients who maintain longer relationships with

their brokers than other global markets.

FXCM Japan offers clients the benefit of FXCM’s large network of forex

liquidity providers enabling FXCM to offer competitive spreads on major

currency pairs on our flagship and award winning platform FXCM Trading

Station. Clients are be able to trade oil, gold, silver and stock

indices along with forex. Additional advantages include mobile trading,

one-click order execution and trading from real-time charts. FXCM offers

clients the ability to place stops and limits freely and allow traders

to customize them for every ticket. FXCM supplies over 600 custom

indicators and permits clients the ability to build their own.

Disclosure Regarding Forward-Looking Statements

This release may contain forward-looking statements within the meaning

of Section 27A of the Securities Act of 1933 and Section 21E of the

Securities Exchange Act of 1934, which reflect FXCM’s current views with

respect to, among other things, its operations and financial

performance. You can identify these forward-looking statements by the

use of words such as “outlook,” “believes, “expects,” “potential,”

“continues,” “may,” “will,” “should,” “seeks,” “approximately,”

“predicts,” “intends,” “plans,” “estimates,” “anticipates” or the

negative version of these words or other comparable words. Such

forward-looking statements are subject to various risks and

uncertainties. Accordingly, there are or will be important factors that

could cause actual outcomes or results to differ materially from those

indicated in these statements. FXCM believes these factors include but

are not limited to evolving legal and regulatory requirements of the FX

industry, the limited operating history of the FX industry, risks

related to the protection of its proprietary technology, risks related

to its dependence on FX market makers, market conditions and those other

risks described under “Risk Factors” in FXCM’s most recent Annual Report

on Form 10-K filed with the Securities and Exchange Commission on March

31, 2011 and subsequently filed quarterly reports on Form 10-Q.

These factors should not be construed as exhaustive and should be read

in conjunction with the other cautionary statements that are included in

this presentation and in the prospectus. FXCM undertakes no obligation

to publicly update or review any forward-looking statement, whether as a

result of new information, future developments or otherwise, except as

required by law.

About FXCM Inc.

FXCM

Inc. (NYSE: FXCM) is a global online provider of foreign exchange

(forex) trading and related services to retail and institutional

customers worldwide.

At the heart of FXCM’s client offering is No Dealing Desk forex trading.

Clients benefit from FXCM’s large network of forex liquidity providers

enabling FXCM to offer competitive spreads on major currency pairs.

Clients have the advantage of mobile trading, one-click order execution,

and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital

Markets Limited, also offers CFD products with no re-quote trading and

allows clients to trade forex, oil, gold, silver, and stock indices on

one platform. In addition, FXCM offers educational courses on forex

trading and provides free news and market research through DailyFX.com.

Trading foreign exchange on margin carries a high level of risk, and may

not be suitable for all investors. Read full risk

disclaimer.

Unless otherwise noted, all references to “FXCM” refer to FXCM Inc. and

its consolidated subsidiaries.

*A Tradeable Account is an account with sufficient funds to place a

trade in accordance with FXCM trading policies.

How To Financial gain From Box Breakout Techniques In Ten Minutes Per Working day

Whilst there are a number of investing ways that can be utilized to revenue from forex investing, Box Breakout techniques stay a person of the most well-known. There attraction lies in the simplicity that they provide to investing as a nicely as the acknowledged prospective to deliver substantial income. This technique to investing has long been utilized by traders for these extremely factors. It is suited to equally professional traders as nicely as new traders who are looking for a dependable indicates of creating their very first income from Currency trading investing.

1 of the very first rules of investing is that you really should be able to understand the mechanics of your investing process. This is not only important in conditions comprehension the logic of what the process is making an attempt to attain but will also able you to put into action the technique the right way. Intricate units may perhaps provide you the prospect to make income, but if you are not able to execute them the right way then you will shortly see any income slip away.

The Box Breakout tends to make use of an uncomplicated to understand notion. The box that is alluded to in the technique title is shaped by upper and lessen boundaries in the marketplace with the sides of the box currently being shaped from the get started and end time of the period of analysis.

As the second element of the technique title suggests, what is seemed for is a breakout from this range in both path to signal a trade entry. Once the marketplace moves further than the ‘box’ and the go is verified, the expectation is that momentum will build as the marketplace moves further than the prior determined range. A halt level is placed normally both further than the lessen level of the box or under the level of the break.

Investing techniques dependent on Box Investing are common and will normally be traded at established instances of day. They operate best at instances of substantial volatility when the marketplace is most most likely to break a prior range. Ordinarily the opening of a marketplace session is utilized to trade these breakouts as the bigger level of volatility at these instances can see robust momentum build next the break. This lets not only provides the prospective to back again robust marketplace moves but also gives a defined time for investing.

A excellent illustration of breakout investing is the opening of the London Currency trading marketplaces. As the busiest time in the monetary investing day robust breaks are normally seen next the relative quiet of the prior Asian session. Whilst breakouts can take place on lots of forex pairs at this time of day it is the European dependent currencies this sort of as the British Pound, Euro and Swiss Franc that will most typically exhibit the strongest moves.

The vital to maximizing your investing income from this technique is to hold out for a verified go before moving into the marketplace. ‘False’ breakouts can normally take place which can see the marketplace all of a sudden reverse from its initial break. Consequently it is important that any technique you use has rules in position that assist avoid the occurrence of false breaks or as an alternative gives you with a technique to revenue from these moves as nicely.



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5 Temperament Qualities of Good results

Thriving males/women of all ages seem to be to have basic temperament and character qualities that guide them to fantastic wealth and accomplishments. Some of the males/women of all ages use 1 mix of competencies to accomplish their ambitions when some others use a diverse mix. In spite of these differences all of the males/women of all ages have basic competencies that comprise the canvass on which the picture is painted. To know what these competencies are is to know your individual prospect of getting prosperous.

Ahead of we begin to outline just about every of these competencies it is significant to know what style of results you are seeking for. Even though just about every skill is beneficial some competencies are extra inclined to results in 1 arena versus a different. Good results can be defined in multiple ways but commonly are applied to interactions (household and friends) and organization (monetary). The adhering to competencies can be applied to the two your interactions and to your organization.

Abilities for Good results:

one.) Emotional Intelligence: Whether you are in the organization discipline or with your household your psychological intelligence defines how you act and react to thoughts. Most of us have satisfied the psychological toddler who screams and yells at the smallest event but number of of us have satisfied those unique persons who cope with challenges with a coolness of temperament that would make even Clint Eastwood disappointed. The larger your psychological intelligence the better prospect persons will observe and listen to you.

two.) Persistence and Assurance: Thomas Edison was an inventor by nature. He unsuccessful extra occasions than he experienced results. Each individual time he unsuccessful he acquired a little something new, adjusted his method and went soon after the solution with the similar tenacity he experienced formerly. Extra persons fail mainly because they give up than any other component. You need to imagine in your self and carry on to try even though you could not want to. “Failure is not an possibility!”

three.) Creativeness: Creativeness is the capability to address challenges in new and interesting ways. Whether you are inventing a little something, hoping to make your organization extra worthwhile, or partaking in your day by day operate creativity will allow for you to come across new and improved approaches. These exclusive approaches are the ones that will probable allow for you to have results.

four.) Capacity to Deal with Concern: Concern is 1 of those matters that keep persons again. The dread of investing your revenue, the dread of producing a mistake, the dread of ridicule, and the dread of your inabilities might halt an individual from even hoping. To not try is the similar as offering up. Potent leaders have dread but have acquired to turn into educated about challenges and swallow that dread when occasions are tuff.

5.) An Inquisitive Nature: A lot of persons thrive mainly because they have the amazing capability to maintain inquiring why? They want to know why a little something happens and transfer to strengthen that technique. Their inquisitive nature allows them to accomplish a deeper comprehension of the challenges faced in their organization and in transform allows them to turn into extra efficient. They address challenges by inquiring why?



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Market Traders Institute Announces New Partnership with Institutional Liquidity

Lake Mary, FL (PRWEB) March 22, 2013

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Market Traders Institute (MTI) is pleased to announce their new partnership with Institutional Liquidity (ILQ), which provides MTI students with an opportunity to earn rebates on trades by leveraging their MTI Ultimate Traders Package education. Market Traders Institute Inc. is a foreign exchange (Forex) education and training company that provides Forex education to beginner, intermediate, and advanced traders.

As a part of their ongoing efforts to expand the offerings to their trading students, MTI has recently announced their new strategic partnership with Institutional Liquidity. With the addition of the Institutional Liquidity web page, Market Traders Institute students can learn how they can take what they have learned from the Ultimate Traders Package on Demand into the market and earn rebates of 0.5 pips each time they trade—win or lose.

“As a preferred partner of MTI, ILQ is providing this rebate as an added benefit for MTI students,” said an MTI spokesperson. “In this new webinar, MTI trader students will learn how they can get paid while they learn by utilizing the money-making skills in their Forex education through Institutional Liquidity.”

The Market Traders Institute Inc. is a foreign exchange (Forex) education and training platform company that allows beginning, intermediate and advanced traders to learn at their own pace so that they can gain the knowledge to make more effective trading decisions. MTI combines performance-oriented Forex education techniques, state-of-the-art trading and analysis software, online interactive Forex analysis rooms and comprehensive live and online support.

The MTI Ultimate Traders Package on Demand is a phased approach to learning how to trade the Forex market. This package includes a live two-day on-site demonstration with a Forex professional and weekly live mentorship with the FX Chief™. Other courses include the USDX Trading Course and the Trading Fundamental Announcements Course.

MTI’s 4.0 Charting software serves as an all-in-one Forex charting platform and analysis tool that gives Forex traders the same reliable Forex charting tools that the pros use. The software includes over 150 indicators that traders can use to help predict market movement and make educated trading decisions.

Also available are the MTI Forex Swing Trading class, Forex Trading Systems 2.0 Plus, the Forex Mastery Course and much more. The education provided by Market Traders Institute provides live online support and professional Forex mentorship from MTI founder Jared F. Martinez known as FX Chief™ as well as an incredible staff of accomplished professional trader analysts.

The Market Traders Institute’s affiliated network of sites includes many different resources for the Forex student. The website contains detailed educational information on Forex trading technical analysis, case studies for review as well as an educational eBook and much more. “We’re excited about this strategic partnership with ILQ as it truly enhances what we can bring to Forex traders,” said the spokesperson. For more information, please visit http://www.markettraders.com/

About Market Traders Institute:

Since 1994, Market Traders Institute has been educating traders of all skill levels on how to trade on the Forex market. Their classes are designed specifically for all types of traders (swing, day, or scalpers) with highly effective online classes that cover every aspect of how to effectively leverage Forex trading skills. MTI’s staff of professional trading analysts and MTI CEO Jared Martinez is also available to provide mentorship and answer questions.

Trading Forex Trends

We all know how to drive a car. But have you driven your car or your jeep in mountains? If you have, you know that driving in mountains require a totally different style of driving as compared to driving on a level road. Or have you been ever caught in heavy traffic in the city? Whatever, the purpose is to tell that drive a car requires a different style at different times. In the same way, when you trade, you need to adopt your trading style in accordance with the market conditions. Market conditions vary and your trading style should vary as well!

What this means is that you need to adopt an appropriate trading style in accordance with the market conditions. Now there are three basic types of market conditions: Trending currency pairs have a definite direction. Range bound currency pairs bounce between the support and resistance levels. Consolidating currency pairs are bound in a narrow consolidating area.

Each market condition requires its own appropriate technique. What is appropriate for the trending market may not be appropriate for a range bound or a consolidating market. Now when a market is trending, it has chosen a clear direction. History shows that trends in the forex market may last for years.

Once you have clearly spotted a trend, it is easy to trade one. In case of a trending market, the currency pair has a clear direction. What this means is that there is very less tendency for the stop loss to get triggered as the currency pair is moving in an established direction.

In contrast to a trending market, in a range bound market, the currency pair price action is bouncing back and forth between the support and resistance. The price action always comes back to the starting point. What this means is that the trading technique for a range bound market is totally different than a trending market.

You can identify a trending market with the help of a trendline. Now drawing a trendline is always subjective. Ask five traders to draw a trendline and all may come up with a slightly different trendline. Nevertheless, a trendline can show you the direction of a market by simply drawing a line.

You can also use the ADX ( Average Directional Index) Indicator. If the reading on the ADX chart is above 35, it means that the market is in a strong trend. However, ADX does not show the direction of the trend!