Support and Resistance Trading Strategy – Forex For Beginners
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The simple support and resistance trading strategy for beginners. If you want to become a successful trader, it is important that you understand the basic principles on how to trade support and resistance levels and zones.
Supply and demand are the cause of these levels and though they are easy to spot, trading and building your trading plan around these levels will give you one of the best trading strategies.
Supply and demand are the cause of these levels and though they are easy to spot, using this simple trading strategy or building your trading plan around these levels will give you the best trading strategy you can have.
You can use the techniques in this strategy to improve the edge in your current strategy or find a way to use that fits your trading style.
Remember that levels are not exact and a good way to look at them like zones.
When you set your stop loss, you will not place it just below to level but rather adjust the position size down and place a bigger stop loss.
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►Free PDF Downloads
Price Action Strategy Guide:
Fibonacci Cheat Sheet: