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Forex Pivot Points - A Quick Explanation

Discussion in 'Trading Strategies & Systems' started by FoReX^ExPeRt, May 4, 2010.

  1. FoReX^ExPeRt

    FoReX^ExPeRt New Member

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    Read The Full Article At - Forexsig.com's Forex Education Blog

    Pivot points are one of the most essential aspects of many trading strategy & understanding them will make a huge difference in your Forex results. A pivot point is easily defined as "the level at which the market direction changes significantly for the day"

    These pivot points are very important support & resistance levels & they are characterized by important changes or shifts in a trend.

    Everyday you trade Forex, the market has a high, low & close for the day, you can utilize these previous bars (levels) to predict the support & resistance levels on future bars...more info
     
  2. FxBanker

    FxBanker New Member

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    Thank you for this useful information.
     
  3. holden

    holden New Member

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    I find your post very informative. Thank you for sharing. I would like to add that there are lots of good resources out there to help. One of the best I have some across is makemoneycurrencytrading dot co dot uk as they run free webinars and training. And they run live portfolio so you can actually see if their strategies are making profit live. They also send out a daily report each day with the trades.
     
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