One of the key concepts of technical analysis is a trend. Many strategies are based on determining where the market is moving and whether it is at the beginning or the end of that process. Such information is extremely useful for the trader. The likelihood of the continuation of the trend can be predicted by evaluating the intensity of trading. The strength of the market movement is often referred to as momentum, and there are several indicators created to determine it. One of them is Momentum, and today we will learn about its readings, settings, and application in forex trading.

Since MetaTrader 4 is just a trading platform, you cannot open a trading account there. For that, you need to open an account on your broker`s website and then you will get all the information for you to log in to the account. If, for some reason, you still don`t have an MT4 trading account, here is a simple step-by-step guide on how it can be done.   How To Open a MetaTrader 4 Live Account  

Nowadays, there are numerous trading approaches and systems both for trading on forex and CFD contracts. And since it all can be transformed into a computer algorithm, the number of automated trading systems is proportional to the number of ready strategies. Even if you already have a ready strategy for financial gain, it can be computerized in the form of a forex trading robot, which will do the work of the trader.