Support and resistance

[Mary Frederick]

Support and resistance are especially important in Forex trading. Forex often moves in a narrower direction and range than the stock indexes and commodities that are generally traded. And for these reasons, Forex traders are usually obsessed with trying to guess these levels before the price reaches correctly. That’s why to know more about the market I am taking Eurotrader free educational resources.

 

[Jack Reacher]

Crypto trading can give you significant return. Avoiding a big amount of leverage is essential for traders because it accelerates the trading risk. Lowering leverage means lowering lot size and it falls into the jurisdiction of risk management strategy. FXOpulence offers decent amount of leverage to traders.

 

[FXOchartist]

Support and resistance is the zone where the price often faced rejection, the zone price seems very strong like barrier, however no fixed way to determine support and resistance, maybe trader use pivot point, or using fibo line, or using dynamic support resistance based MA line. All method useful to create a plan trading. Trading with FXOpen, usually I like using candlestick pattern to analyze support and resistance ZOne.