Support and Resistance strategy or just follow trend line? - Page 31
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Thread: Support and Resistance strategy or just follow trend line?

  1. #301
    One of the best way to trade is support and resistance levels, this is the best strategy that anyone can use and make money in the market, forex trading is very good business and with support and resistance strategy we can trade and make money in the market easily, but we must learn and understand this strategy well before it will work for us.

  2. #302
    Quote Originally Posted by stanlon View Post
    One of the best way to trade is support and resistance levels, this is the best strategy that anyone can use and make money in the market, forex trading is very good business and with support and resistance strategy we can trade and make money in the market easily, but we must learn and understand this strategy well before it will work for us.
    that is very correct,support and resistance trading really works if only one can make time to learn and understand how to determine the key area on the market,when the might market might a bound while trading.jumping into the market might be suicide because, we might be entering in the market at the wrong time without even know we are doing so.it important we learn how to determine key area

  3. #303
    Quote Originally Posted by jassim View Post
    Its depend on traders skills that which trading strategy he want to use on their trading. Support and resistance levels are too much helpful for traders to understand this business well and trend line is also another good trading strategy that is help traders to earn daily good profit from this business. I like to use only when the trend line trading strategy which is always help traders to earn money from this business only daily basis.
    It is not about the skills of the trader, it is about the learning of that trader. The learning is what is making us to be aware of what we supposed to be doing, and it will make us work well as long as we do it correctly. Learning makes trader to choose the one to be using among all the support and resistance strategies, and I like trendline so much.

  4. #304
    trend line might be a good tools to trade the market but we need to understand there is always a risk in trading there are place that might be safe for us to enter a trading and this is where support and resistance will come in handy.trend is basically used to determine the direction of the market while we are about trading but it does not determine the key area atimes. which might lead to our losses.

  5. #305
    Trend is the only thing that we should follow to become a successful trader in forex. Trend can allow us know the real direction of the price in short term or long term, we should learn how to determine the trend very well. The support and resistance level also help us to open or close the trading position on right points. so we have to know how to draw this levels because There are a very stronge supports and resistence where the price may bounce back and that can lead you to lose your positions

  6. #306
    Quote Originally Posted by jassim View Post
    Its depend on traders skills that which trading strategy he want to use on their trading. Support and resistance levels are too much helpful for traders to understand this business well and trend line is also another good trading strategy that is help traders to earn daily good profit from this business. I like to use only when the trend line trading strategy which is always help traders to earn money from this business only daily basis.
    It is good to always be trading with what we know truly, and what we don't know have to be learned when we know that they are truly promising. One most important support and resistance strategies I know that cannot fail traders is the trendline strategy, it will surely help those traders that can be analyzing and trade it correctly. We should mount good stop loss and take profits on it as well.

  7. #307
    Trader
    Join Date
    Mar 2018
    Posts
    2,641
    You are not need to confused because if you are confused then you will get nothing from forex trading. If you want to trade with resistance and support level then you are need to only follow it but if you are follow the trend line and support and resistance these both strategies then you will never find a good trades.

  8. #308
    Quote Originally Posted by orlat View Post
    trend line might be a good tools to trade the market but we need to understand there is always a risk in trading there are place that might be safe for us to enter a trading and this is where support and resistance will come in handy.trend is basically used to determine the direction of the market while we are about trading but it does not determine the key area atimes. which might lead to our losses.
    There is no aspect of forex trading which does not have risk, the forex trading is all about risk, we can do our trading with the right mind to ascertain the reduction of the risk we have as we trade. The trendline on the other hand is one of the reliable trading strategies that should be reducing the risk risk for us.

  9. #309
    Trading with this type of trade set up is very profitable if trader can exercise patience to see the breakout as market is trading in consolidation, when the market has power to break into any side , it is a great opportunity for traders to trade profitably with the breakout, notwithstanding we still need to use money management.

  10. #310
    Is true that traders that have a good experience and skills of making use of support and resistance strategy will eventually do well in forex field. The most reason why some traders fail in the market is that a good understanding and lacks of experience makes them to fail in trading with support and resistance strategy in the market.

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