Forex Support & Resistance: How To Identify True Forex Support & Resistance Lines!

http://currencycashcow.com - Follow. Trade. Win. Forex Support & Resistance: How To Identify True Forex Support & Resistance Lines for High Profit, High Probability Trades! Forex support and resistance lines are crucial to better timing your trades and managing your risk. Identifying to true areas of forex support and resistance, in other words forex supply and demand can greatly increase your probability of success. In fact, if the only technical analysis you did was support and resistance trading forex coupled with sound fundamental analysis, then you would not be alone. Many professional forex traders approach the fx market in this way. After all, when there are more committed buyers than sellers at a certain price point, then price is going to be bid higher. Likewise if there are more committed sellers at a certain price point, the the price is going to be sold lower. We as forex traders want to be able to identify these true areas of forex support and resistance so that we may position ourselves to profit from them. We also use support and resistance lines to show us that if that particular support or resistance line fails, where the next point of forex supply and demand is likely to be. This information allows us to know in advance where to place our stops, and where to place our profit targets, should the support or resistance level hold and prices reverse. In this forex support and resistance tutorial video we'll cover exactly how to find true levels of support and resistance in currency trading. Hope you find it informative and useful. Good trading! See all my other forex trading videos here: http://youtube.com/CurrencyCashCow Learn real, actionable forex strategies and in-depth analysis that will have you trading currencies like a pro! - http://youtube.com/user/CurrencyCashCow Subscribe! Never miss another forex strategy video! http://www.youtube.com/subscription_center?add_user=currencycashcow Google Plus: https://plus.google.com/100625538175992850698 Twitter: https://twitter.com/CurrencyCashCow Get 'Paid to Trade' Forex & Earn Cash Every Month Regardless If You Win or Lose! Go to: http://forextradingarticles.com/cash-back-forex-review/ Forex News http://forextradingarticles.com/forex-news/ Live Economic Calendar http://forextradingarticles.com/forex-calendar/ Recommended Forex Books http://forextradingarticles.com/forex-books/ Worldwide Interest Rates http://www.global-rates.com/

Comments

1. Does Nick know about this??