1. TopicPage NoForex Support And Resistance3Draw Support And Resistance4Support And Resistance5Benefits Of PriceAction6Price Action Trading Is Simple7Breakout Trading8Breakout Traps9Contact Us10

2. ForexSupportandresistancelevelsareprovenpriceareaswherebuyersandsellersfindsomeformofequilibriumandgenerallyashiftofpowerbetweenbuyersandsellersoccurthatcreatesthepricereversal.ThereforeSupportandResistancearethekeyturningpointsinthemarket.Pricedoesntmoveinstraightlinesasyouarenodoubtwellawareof.Themoreoftenpricedoesthisstopandreverseactionataspecificlevel,thestrongerormoresignificantthatparticularS/Rlevelbecomes.3 3. Nearlyeverysingletechnicaltradingsystemwillrelyonyouthetraderhavingtheabilitytocorrectlydrawsupportandresistancelevelsonyourchart.Mappingoutsupportandresistanceisreallythemostimportantcoreskillanyserioustraderswillneedtohaveagoodgraspon.Ifyoucantdrawyoursupportandresistancethenyourtradingasawholewillimplodeonitself.4 4. Supportandresistancelevelsareprovenpriceareaswherebuyersandsellersfindsomeformofequilibriumandgenerallyashiftofpowerbetweenbuyersandsellersoccurthatcreatesthepricereversal.Pricedoesntmoveinstraightlinesasyouarenodoubtwellawareof.Priceswingsupanddown,creatingnewswinglows, swinghighsorre-testsexistingones.Themoreoftenpricedoesthisstopandreverseactionataspecificlevel,thestrongerormoresignificantthatparticularS/Rlevelbecomes.5 5. Priceactiontradingdoesntrequireanythingspecialtogetsetup.Youcantradeusinganytradingplatformyoulike,fromanylocationintheworld. Thesearejustsomeofthemanybenefitsofpriceactiontrading.Gettingstartedisntahardtaskeither.Allyoureallyneedtodoisloadupthecandlestickchart,clearoffalltheindicators,andyourereadytobegin.6 6. 7Theconceptofpriceactiontradingissimpletounderstand.Alotofpeopletrulybelievetobecomeaprofessionaltrader,youneedtohavesomehighlevelcommerce,mathematicaloreconomicdegree.ThisisduetoahugemisconceptionthatForextradingiscomplicated. 7. 8Breakoutscanproducepriceexplosionsthatgeneraterapidreturns.Thereishoweveraflawwithmoretradersapproachtobreakouttrading.Tradersgenerallytrytoanticipatebreakoutsbeforetheyhappen.TheybecomethedaVincipredictorsofForextradingandenterALLIN.Tryingtobeonestepaheadofthemarketlikethisonlyendsupwiththetradercryingtearsofregret. 8. 9Oneofmyfavoritestrategiesistowaitforabreakouttraptooccuranduseittomyadvantage. Breakouttrapsaremagnetsforweaktraders.Breakoutscanreallygotwowayshere,youcatchabreakoutandyourtradequicklyhitsitsprofittarget,great!Or,youcouldbetriggeredintoabreakouttrade,everythinglooksgoodsoyouwalkawayandgohavesomelunch.Whenyoureturnyounoticeyourtradeisfallingintothenegativeafterthemarketturnedaroundonitselfandisdrivingpriceintheoppositedirection. 9. 10Through Social Media :For Any Further Information On Support And Resistance, Click Here :http://www.theforexguy.com/https://twitter.com/Best__Forexwww.youtube.com/BestSignalsForex