Posts Tagged ‘Pricing Action’

The concept of support and resistance is one of the basic concepts required for forex trading. If you want to become a successful forex trader, then you must understand how this concept works. According to this concept, the market will experience resistance in certain areas. The market will struggle and bounce at times according to the concept of support and resistance. Before searching for the areas of support and resistance, you need to know about the swing points. Bear in mind that big changes in directions are the swing points.

Read the rest of this entry »

Many people use traditional ways to trade in the forex market. However, divergence trading helps new traders to get a broader perspective of the forex market. It is not a new trading concept for experienced traders. In fact, divergence trading is a price action measured in regards to a forex indicator.

Read the rest of this entry »