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    Lightbulb Support and Resistance strategy or just follow trend line?

    Most of us who are just beginning to trade the markets faced with the question: when to enter and exit the trade? For myself I have found the best solution is support and resistance strategy. On the graph we can perfectly clear see where the market is actively moving or will go sideways. How often do you use support and resistance levels for the entry into the market , or simply go with the trend?
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    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.

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    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

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    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.

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    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.

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    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

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  7. #306
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    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.

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    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.

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