how to identify a trend in forex trading for beginners

One of the most important things you must do to be successful in your trading and analysis is to correctly identify the market trend.
Today we are going to learn how to correctly identify the market trend so that we can open the right positions and make a profit.

Albert Einstein has a beautiful phrase that says that example is the best form of education.
Let’s start with a few examples. This will help you understand the relationship between time frames and trends.

Photo from https://www.tradingview.com/

In the photo above, in the daily time frame, you can see the XAUUSD chart which has a very good bullish trend and the market has formed higher highs and lows.
You can also see the upward trend of XAUUSD in the chart by drawing the trend line.

Now let’s go to smaller time frames like 5 minutes to check the trend of this currency pair, this time in the 5 minute time frame.

Photo from https://www.tradingview.com/

Pay attention to the picture above, in the picture above, in the 5-minute time frame, the market trend is bearish, but if we change the time frame to daily, we can see that the market trend is bullish.

As you can see, our trend was bullish in the daily time frame, but it was bearish in the 5 minute time frame, and this shows us that the market trend should be analyzed in larger and higher time frames. For better and more successful trades, always try to trade in the direction of the market trend.

Good luck