Support and Resistance Trading by Tradimo

Support and Resistance Trading by Tradimo

Course Detail

Salepage: Support and Resistance Trading by Tradimo

Learn a basic technique that works with any instrument and any period.
With the aid of this method, you will learn how to gradually provide support and resistance to the financial markets in a live market setting. This trading strategy, presented by a former prop trader and trading instructor, serves as a springboard for more sophisticated and discretionary trading techniques.

Support and resistance is one of the most popular methods for determining market entrances and exits. It is typically one of the first discretionary trading techniques traders learn, and it is also one of the hardest to master since it is challenging to identify a set of trading principles.

This technique will provide you with a set of guidelines that you can use to become accustomed to trading with support and resistance; it is excellent for new traders searching for direction when stepping into the world of discretionary trading.

This course will teach you:

the stepping stones to discretionary trading
how to apply one of the most effective trading strategies
How to locate profitable trades over longer time horizons
strategies for breakout and counter-trend
how to optimize entrance into various marketplaces

243MB in size

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

More From : Forex & Trading