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Thread: Support & Resistance Levels.

  1. #1701
    Member dexgotastra has a spectacular aura about dexgotastra has a spectacular aura about dexgotastra's Avatar
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    Spoiler Spoiler:
    I am not using the support and resistant but I use Fibonacci to get support and resistance. see the picture I uploaded a very visible price bounce

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #1700
    Member elgazawy1992 is an unknown quantity at this point elgazawy1992's Avatar
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    for me i do not think so in forex trading, personally I do find that support and resistance is very important to market analysis and opening or close any trade in forex market. If a trader can feel forex market price support and resistance then the trader can earn successfully without risk from forex trading.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #1699
    Senior Member forexbusiness will become famous soon enough forexbusiness's Avatar
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    Yes you are right. you are explain the good. in my thinking that the support and resistance level is very important. because those are find the two level. They are able to place the right entry point.your opening and closing trade. Your profit is good and you are successful earning.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #1698
    Senior Member bilie is an unknown quantity at this point bilie's Avatar
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    well, absolutely I think its truth and I personally believe that you have written well about defining support and resistance and i am now clear about the concept of support and resistance . These method can be used to earn average amount of money when the market behave like volatile .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #1697
    Banned shagufta is an unknown quantity at this point shagufta's Avatar
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    I always use the technique of the support and resistance level when i trading because i get positive result of support and resistance analysis because its helps in putting order at this two levels and also make clear view of market direction this is very easy to understand

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #1696
    Senior Member bany is an unknown quantity at this point bany's Avatar
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    yes certainly my dear, no double I absolutely do believe that we need to findout the support and resistance area of the market and if w can do that only then we can take decision on the market condition, we know that technical analysis is always needed in forex trading

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #1695
    Senior Member bany is an unknown quantity at this point bany's Avatar
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    Yes, it is certainly which for me Id like to believe that support and resistance are really necessary in forex trading as you know that you have to enter in a market at the right time and to do so you have to learn well about support and resistance

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #1694
    Senior Member tinad is an unknown quantity at this point tinad's Avatar
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    Actually my dear, for me, certainly I think there is no double that when we will enter the market, because by knowing this area, we can reduce our losses as small as possible, so we go to the market at an optimal point the levels of pre-entry and exit and resistence levels are also one type of trading strategy because its helps in putting order at this two levels and I personally use many of the indicators

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #1693
    Senior Member ghan is an unknown quantity at this point ghan's Avatar
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    well, absolutely I think its truth and I personally believe that it is one of the good strategy in forex trading. newbie fall in hesitation to draw this at first time . but after practice the problem can be overcome . it has various used such by drawing this we can easily calculate our daily target such entry point, exit point, stop loss and take profit also

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #1692
    Junior Member wolf20 is an unknown quantity at this point wolf20's Avatar
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    support and resistance are quite the basics of the market chart they help any trader determine whene the market will go up and down , ther are many tools to determine both support of resistance , we must choose right

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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