Though still a beginner in forex trading, but i want to focus Mainly on trading through understanding support and resistance, is there a platform or an app i can use in learning this?
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In trading, support and resistance are key price levels that help traders predict market behavior. Support is a price level where buying interest is strong enough to prevent the price from falling further, often creating a “floor.” Resistance is a level where selling pressure prevents the price fromRead more
In trading, support and resistance are key price levels that help traders predict market behavior. Support is a price level where buying interest is strong enough to prevent the price from falling further, often creating a “floor.” Resistance is a level where selling pressure prevents the price from rising, forming a “ceiling.” Prices tend to bounce between these levels, and breaking them can indicate strong trends. Traders use these levels to set entry and exit points, stop-loss orders, and profit targets. Correctly identifying support and resistance improves risk management and decision-making in volatile markets.
See lessIf you’re a beginner wanting to learn support and resistance in forex, apps like MetaTrader 4 (MT4) and platforms like TradingView are great because they let you practice drawing and spotting these levels on real charts. Also, there are beginner-friendly apps and YouTube tutorials that explain the bRead more
If you’re a beginner wanting to learn support and resistance in forex, apps like MetaTrader 4 (MT4) and platforms like TradingView are great because they let you practice drawing and spotting these levels on real charts. Also, there are beginner-friendly apps and YouTube tutorials that explain the basics clearly. The key is to practice regularly, use demo accounts to avoid risks, and keep learning as you go.
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