Most amateur traders use that point as an signal to enter a trade as they expect the price to reverse from the previous close. As the trader quickly discovers this is not the real demand or supply zone and they get stopped out. Experienced traders have learned to trade like professional traders, they will wait for the real demand or supply zone before entering a position. Those who waited for the news and waited for the price would have found themselves trapped out by the initial spike in prices only to then have to chase a violent price reversal straight after. It is very difficult to trade news especially in the forex markets
You need good Supply and Demand Levels. To identify market turning points and market moves in advance with a high degree of accuracy, you need to be able to learn where brokers and banks are buying and selling in the markets. To be successful you must be able to spot real supply and demand in a market on your charts, see this on a price chart. To do this a solid understanding of the odds enhancers is key.
Just as it is important to identify strong supply and demand levels on a chart. It is equally important to be able to identify areas on the price chart where there is very little supply or demand. This could be a good area to go short. Read some of the trading articles to begin to learn how to identify real demand and supply on price charts. When you have studied then all that matters are two simple questions. Where is price going to turn and where is price going to go. Learning these two odds enhancers that answer that question and your trading and investing you will be more profitable.
You need good Supply and Demand Levels. To identify market turning points and market moves in advance with a high degree of accuracy, you need to be able to learn where brokers and banks are buying and selling in the markets. To be successful you must be able to spot real supply and demand in a market on your charts, see this on a price chart. To do this a solid understanding of the odds enhancers is key.
Just as it is important to identify strong supply and demand levels on a chart. It is equally important to be able to identify areas on the price chart where there is very little supply or demand. This could be a good area to go short. Read some of the trading articles to begin to learn how to identify real demand and supply on price charts. When you have studied then all that matters are two simple questions. Where is price going to turn and where is price going to go. Learning these two odds enhancers that answer that question and your trading and investing you will be more profitable.
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