Identifying trends can help avoid traders from entering trades against the trend the market is taking. The old saying goes … “the trend is your friend.”
The plotting of these lines is very easy but some common mistakes can be made. Avoiding these mistakes makes the use of support and resistance a very powerful tool in forex trading.
We go through the use of Support and Resistance Levels and how they can assist your trading. Learn how to draw them and what to look out for.
In this video, we discuss the 3 main types of charts that FOREX traders use. Line Chart, Bar Chart and Candles.