There are basically two types of trading environments in the currency trading market like other markets. These are a Trend and a Range. A trend is simply a move in price in one direction and a range is an oscillation in price between two broad levels. Unlike stocks, currencies tend to follow trends, once we know the trend, we can profit from this information. In order to determine the trend and to know when the trend changes its direction,we need some help of indicators.
There are three most important indicators discusses in this short e-book, that are being used by most successful traders and analysts. Once you finish reading this e-book, you will know how to use these indicators to decide your entry and exit levels.
Read the rest in the e-book at
http://www.worldwide-invest.org/forex-e-book/476-3-ways-identify-trend.html