Support and resistance levels are one of the most important parts of trading. But, how do you find key Forex support and resistance levels? What is the trick behind? AtoZ Forex Senior Analyst, Edmundas Povilavicius will share his tips on how he goes around this task with amazing performance results.
Support and Resistance levels are few of the most common technical analysis tools that most traders ignore because it seems too simple to work. Well, then they end up blowing up their entire accounts! In short, you cannot trade if you dont understand the logic behind key support and resistance levels.
Register for the ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“how do you find key Forex support and resistance levelsÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â webinarÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â and learn how to be one step ahead of the crowd!
What is the trick find key Forex support and resistance levels?
Finding support and resistance levels is indeed easy. One of the secrets is in your charting style. You should keep your charts clean and trade based on healthy market principles.
If you put effort to understand these twoÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â Forex TermsÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â you will understand that Supports and resistances are TA concepts that are the outcome of two of the most important market fundamentals:
Indeed there are multipleÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â winning Forex strategiesÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â which are based on these levels. Such asÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â Magic Forex StrategyÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â which is based on session oriented support and demand zones. Not only these levels help you to enter depending on your vision you can also use these levels to exit positions or avoid entering a position or reduce risk on your position.
In short, if you know how to find key support and resistance levels in Forex, you will definitely be closer to having a winning strategy.