you explain about support and resistance . i think it is very important topic for every trader. i achieve more knowledge about support and resistance by your valuable post... thank you.
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you explain about support and resistance . i think it is very important topic for every trader. i achieve more knowledge about support and resistance by your valuable post... thank you.
As we all know support and resistance are two important factors in Forex trading. You really have defined them in a simple way that goes nicely with your title. Could you please tell us what the indicators are to find out support and resistance automatically. In fact, I do not even know if there is any? That would be very helpful for the new traders.
Thank You for sharing this theory hope it will help new traders or persons who are thinking to join forex trading to learn support and resistance properly.
Level of support and resistance is usually made because traders are trapped in a position. They want to get out of losing position and this means there are willing buyers or sellers at this level. This is why you get it - you also get people joining in because they know they are there.
Support is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea on how you should measure support and resistance.
Yes your defination for support an resistance is understanding. It is good stragy for forex trade. I think it can be usefull for all trader. Tanks to you.
yes it is important that we need to find the supppor and resistance in the chart and identify them to our advantage for this im just using the fibonnacci tool to let me identify the highest high and the lowest low of my chart but since i need to be careful since trading does not rely on technical alone.you can use h1, h4 .:yahoo:
I think understand support and resistant level is very very important for every forex trader. if understand it 100% then get some pips normally without risk.