Support and resistance is very much important to forex trading. Support is called the bottom point of a trend and resistance called the top point of the trend. Every support make a resistance. and opposite.
Support and resistance is very much important to forex trading. Support is called the bottom point of a trend and resistance called the top point of the trend. Every support make a resistance. and opposite.
Well, the support, resistence and moving average are three impornt in the world. the trader can not become a good trader if they don't have knowledge about them. The resistance and support are identified by high, low and close of time frame, there are some calculor to calcualate it, Remember that it is so important for every trader.Quote:
Originally Posted by tibasingh
with that amount 50 and 200, usually you should use bigger period of your energy and energy. so the first thing to create before choosing the installation for moving average is knowing in what period of your energy and energy we're going to trade. for shorter period of your energy and energy i will reccomended LWMA 34, 19 and 8. Combined with bollinger band, you will notice the trend movement very well.
sir abi to me khud forex trading market me newbie hun aur mujhe khud is ke baare me kuch khaas nahi pata ke resistence and moving average kya hooti hai forex meQuote:
Originally Posted by tibasingh
support levels are the levels beyond which the price cant come down. it supports the price and hence this name. and the resistance is quite the opposite. it resists the price to go up any further.
Here in this Forex trading I do not follow any charts and that is why it is very difficult for me to explain about this support, resistance and the moving average here, but those who all follow the charts they can make others understandable.
I hopw the above explanations are good enough.
suport was the turning point of the price movement in which the price goes down and at that point that the possibility of price movements will turn around, while the resistance is the opposite of suport
Support and resistance is one of the most widely used concepts in trading and Strangely enough. Everyone seems to have their own idea on how you should measure support and resistance.
Whatever measure i worried most the action and the connection and i believe who made them and what can be the really fight on the trades. so this is really the benevolent result on the exchange of the traders and they locomotive the activity cornerstone on these levels.