Using Support and Resistance in your Trading Strategy | Urban Forex

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Using support and resistance in your trading strategy, is that a good or a bad idea? If used properly, support and resistance can most definitely be used to help you become a successful forex trader.

For years, Support and Resistance has been used by people to enter and exit the market. Support and Resistance is often thought of as a wall, that price could possibly react from. If this wall is above you, it is referred to as Resistance, and if it is below you, it is referred to as Support. These Support and Resistance areas are nothing more than a memory. Now you may be wondering, what does memory mean? Navin will dive deep into this topic in this webinar, and you will learn how important this memory can be.

Now, in regards to drawing support and resistance, it is not only about connecting the dots to show how “beautiful” it looks. You need to know how to draw, and how not to draw these support and resistance lines properly. To do so, you will need to understand why each support and resistance area is important. Remember, support and resistance are made out of the connection between important memory areas.

In this webinar, Navin will go into great detail about the points above. That way, you will be able to use support and resistance properly, going forward.

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