If you've been following my Thursday Money Morning contributions over the last few weeks, you'll know we're slowly working through the important concepts in trading and technical analysis.
Last week, we covered some of the basics around risk management. If you missed it, you can find the article here.
But this week we’re tackling one of the most useful and often ignored as... ››› more
Technical analysis works very well with forex trading thanks to the strong trending market.
There are a wide number of different technical indicators you can exploit to help you profit from the forex market, but the most important ones are support and resistance.
So what exactly are support and resistance? And how can you use them in your forex trading?
Read on to find out more…
W... ››› more
Technical analysis is a fantastic tool for identifying trading opportunities when trading forex.
But before you can delve into the array of different technical analysis tools, there are a couple of crucial indicators you must understand. These are support and resistance.
Let's take a closer look at why they're so important…
What are lines of support and resistance?
Lines of suppor... ››› more
When it comes to profiting from support and resistance levels when you trade forex, the first thing is identifying the higher time frame structure.
Is a currency pair making lower lows and lower highs for a downtrend? Or is it making higher highs and higher lows for an uptrend?
Let's take a look at how you can do this…
How to use support and resistance levels to your advantage
Thi... ››› more
Technical analysis can be a rather complex and daunting topic. It's vast. Some of the strategies make quantum physics look easy.
But the good news for you is, start with the most basic aspects of technical analysis and you can use it to your advantage.
One of these most basic aspects is support and resistance.
Read on to find out more…
Using support and resistance when you trade t... ››› more
Back when I was a banker, I had the unique privilege of being trusted by many wealthy executives. And one thing they all had in common was an almost uncanny ability to 'follow the money'.
In trading, that comes down to knowing how to trade strong price-action 'money flow' patterns in the charts, which I'm about to share with you.
Instantly choosing the strongest trading sign... ››› more
Support and resistance levels are one of the basic principles involved with technical analysis. These levels can indicate whether a share is overbought or undersold. But how do they work? Read on to uncover the importance of support and resistance…
Support (or an area of support) exists at the price level where buyers in a particular market are prepared to buy a share, Gareth Stokes in Fear, G... ››› more
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