What Is A Forex Trading Strategy?

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What Is A Forex Trading Strategy?
There are many different Forex trading strategies. However, there are some basics of reading a price chart that you need to know before you can move on to learning any one strategy in-depth. Let’s cover the basic building blocks of trading the Forex market from a technical analysis approach:

• Support and Resistance levels – How to identify and plot them
Support levels are created as a market turns higher. So, if a market is moving lower for example and it then changes direction and begins moving higher, it either has created a level of support or bounced off a previously existing level of support.

Resistance levels are created as a market turns lower. So, if a market is moving higher for example, and it then changed direction and beings moving lower, it either has created a level of resistance or bounced off a previously existing level of resistance:
source : forextraq.com 

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4 comments :

4 comments :

  1. Isaac Amoah DawsonOctober 23, 2015 at 2:25 PM

    wow, thank you for this information. i have learn more about Forex trading. As the market moves lower and then rises , there is a support but if the market is higher and drops to lover there is a resistance . this is good news

    ReplyDelete
  2. Supriyadi SupriOctober 26, 2015 at 5:42 PM

    nice to read

    ReplyDelete
  3. tanoseiyaOctober 29, 2015 at 8:13 AM

    ok

    ReplyDelete
  4. Mohammed Imam Hossain BhuiyanOctober 29, 2015 at 11:11 PM

    Good good
    http://7daystradebd.blogspot.com

    ReplyDelete

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