Trading-Made-Simple | Understanding Trend - Trendlines
Welcome to our Trading-Made-Simple video series, where you can learn a little more about the trading world in less than 5 minutes.
“Trendlines” are a visual representation of the support and resistance levels in any time frame. They are important because they help traders identify trends and make decisions of when to enter or exit a trade.
In this video, we will be covering:
0:00 Definition of Trendlines
0:47 Uses of Trendlines
1:34 Types of Trends - Uptrend, Downtrend, Sideway Trend
1:59 How to Determine a Trendline in a Chart
Want to know more videos like this? Stay tuned to our next video next week.
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Trading involves risk. Past performance is not indicative of future results. Trade with caution.