Thursday, 26 March 2009
Forex Support and Resistance Levels
I have been using Action Forex for Pivot Point support and resistance levels which I have found to be a really great resource! Added to charts in addition to Fib levels its a great tool to use! The link is here - www.actionforex.com
Anyone else use these? Whether you have just started to
Learn Forex trading or if you are a seasoned trader, then let me know!
I tend to trade with candlestick formations which can easily be learnt. Most of my friends think you need to be proficient at maths but Forex trading works best for those who can recognise patterns and enter/exit trades without becoming emotionally attached to their Forex trading decisions.
Believe it or not its easy to say but very hard to do - especially when its your hard earned money on the line! There are techniques to use to overcome this area of trading the Forex market and shouldn't stop someone from giving it a go. There is so much help and support on the internet you just need to absorb information and start with a plan. This Forex Book explains more and is a great resource if you want to know more about the 'big picture'.
Keeping informed about the latest Forex news is a must and social networks/social media can help with that too! Check out this Social Median Forex News Club - have all the latest Forex news delivered directly to your inbox!
Ofcourse the other web site I use EVERYDAY is www.forexfactory.com which I recommend EVERYONE to use - its the thing I do in the morning and a good habit to get into!
Hope that helps - its good to have good resources to hand - and the above are GREAT!
Happy and successful Forex trading
Best wishes
Annabel
Anyone else use these? Whether you have just started to
Learn Forex trading or if you are a seasoned trader, then let me know!
I tend to trade with candlestick formations which can easily be learnt. Most of my friends think you need to be proficient at maths but Forex trading works best for those who can recognise patterns and enter/exit trades without becoming emotionally attached to their Forex trading decisions.
Believe it or not its easy to say but very hard to do - especially when its your hard earned money on the line! There are techniques to use to overcome this area of trading the Forex market and shouldn't stop someone from giving it a go. There is so much help and support on the internet you just need to absorb information and start with a plan. This Forex Book explains more and is a great resource if you want to know more about the 'big picture'.
Keeping informed about the latest Forex news is a must and social networks/social media can help with that too! Check out this Social Median Forex News Club - have all the latest Forex news delivered directly to your inbox!
Ofcourse the other web site I use EVERYDAY is www.forexfactory.com which I recommend EVERYONE to use - its the thing I do in the morning and a good habit to get into!
Hope that helps - its good to have good resources to hand - and the above are GREAT!
Happy and successful Forex trading
Best wishes
Annabel
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2 comments:
Great blog, good information, If you want to know All About Forex Trends
http://hubpages.com/hub/Market-Money-Forex-Trends
Good luck !
Hey Mihai, thanks for the positive feedback - will check out your hub pages...: ) Great trading!
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