Four days every week, from Monday to Thursday, I publish Forex signals (in fact, they are technical analyses) for the seven most popular USD currency pairs. Once they are published, I am not able to update them, and market conditions may change radically. My aim in publishing these signals is to give the best guidance, ideas, and interpretation as possible to Forex traders once each day as the markets open, focusing on intraday fx trading scam (day fx trading scam), due to its popularity over longer-term fx trading scam methods. In my opinion, it is easier for most people to make money fx trading scam daily charts, making buy or sell decisions no more than once per day, but I understand most of my readers are day traders and I try to accommodate their needs.
As the signals are designed to be as useful as possible for as long as possible, the primary tool I use within the signals is the identification of exact prices, or sometimes narrow price ranges at which the market is more likely to turn. These are generally known as “support and resistance”, but you can also think of them as pivotal points. All my signals identify at least one pivotal point, and usually will identify two: a price below the current price (as at the time of writing) which may act as support, and a price above the current price which may act as resistance.
How to Use Forex Signals
Each signal begins with a discussion of the prospect of any open trade that might have been generated by the previous day’s signal in the same currency pair. The piece then goes on to suggest the best times of day in which to open any new trade, and the position size that might be risked on a trade that day. The next section identifies likely support and resistance levels with an accompanying illustrative chart. Following the signal means taking note of these levels and watching during the recommended hours to see if the price reaches any of them.
When the price reaches a resistance level after going up, you wait to identify a bearish turn in the price, which means you think it is going to go down. When the price reaches a support level after going down, you wait to identify a bullish turn in the price, which means you think it is going to go up. The big question is, how to identify such a turn in the price at the point where it has a high probability to become the best point to enter a winning trade?