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we can look about support and resistence are base on high and low the day before ... so we can measure
where is support and resistance when we are trading on forex... we have to always look the history of that chart
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The importance of support and resistance more due to simplicity, and most of the time they help you succeed in your trades, this is due to crowd mentality believing on support and resistance levels which make the prices move between support and resistance several times before breaking to either side by external reasons.
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Support and resistance are the factors of the forex trading for example if a trader get profit he should be resist and if get loss then it should support other factors and should be patience as well. While moving averages is the changing rates of currency rates that is fall and up of the currency is moving averages.
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I think Forex is a bast job.But sorry I don't anythink this subject.Thanks................
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with that amount of 30 to 80, then
you should use time frame.
the first thing to setup after
choosing the setup for moving
average is know in what time frame
we're going of trade ?
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Yar main is kam main bahot naya hu main b is bary main itna nai janta magar itna idea hai k ye bahot zabardat hai ap ki coments hain
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i think trend is up. When 300 EMA above 60 EMA then i think trend is down. I use this two moving average in every chart. If you want to know current support and resistance level then you must know about Bollinger band.
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support and the resistance is also the point which that the target that the market can reach on that day, and after reach that support and the resistance the market will being possible to going to turn the direction or climb again to the next level afterr it to falldown again, and the m,oving average is the indicator
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learn the best book of the basics forex:John_J_Murphy_-_Technical_Analysis_Of_The_Financial_Markets
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we think trend is up. When 100 used
above 50 usd then we think trend is
down. we are use this two moving average
in every chart. If we want to know
current support and resistance level
then we must know how about Bollinger
band.
