Pivot Point is a technical indicator used in technical analysis derived by calculating the numerical average of a particular stock's (or any other financial asset like forex pair or any future contract) high, low and closing prices.
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Pivot Point is a technical indicator used in technical analysis derived by calculating the numerical average of a particular stock's (or any other financial asset like forex pair or any future contract) high, low and closing prices.
Pivot point is a leading indicator, by which mean that it predicts price movement but not direction. Several levels of support and resistance are where price is predicted to either reverse or continue, thus they are the points where a pivot trader prepares him/herself to open a position.Quote:
Originally Posted by alifasha
Well ithink risk is always associated in forex trading and Profit and losses are common. When we make losses we should not get panic. Instead we should analyse the reason for the loss and adjust our strategy accordingly and move forward without making any rash decisionsQuote:
Originally Posted by zahira
Before you actually commit to live trading and money on the line, you should be able to profitably trade on your demo account or with paper trading. Your track record should be more than a few weeks, at least 3 months, preferably 6 months.
My experience today is that I am able to learn a strategy that most of every traders are using to succeed in their trades and the strategy is the pivot point levels in addition to the fibonacci indicator.
our day to day trade the experience should be the best teacher for us, because of our experience, we will know we are going wrong and after that we should immediately correct our mistakes, so we will increase our trade skills and become a successful trader.
same with me that everyday experience for now this is how I learned to use the indicators in this trade and I hope in the near future may be one of this year I've been able to use the indicators in bothQuote:
Originally Posted by antosco
You are just talking purely how forex should be approached, it is a good business and should be followed as such, if any one trade believing to jump into profit without coolly following it as it flows, some days there may not be good market and some other days the trend may be just fine for a chunk of profit. I have learnt to be patient and follow it without any hurry. if after some waitings and no enough signal for trade entry, i close for the day. that's how i trade.
One of the most secure if investing every day and also generate income locates investing let's always be quiet rather than too money grabbing investing incredibly appropriate locates for investing we are able to produce a typical schedule, however also have to change the target investing money operations.
I see that you have debts and you need to pays it soon?I Hope you can really have the success and you are trying to find here in the forex business and i hope the forex market will be more kind to you brother.. please i wanna to know what's strategy you're using !!