Many traders new to technical trading struggle in the beginning and one of the basics they struggle with is finding support and resistance. This blog was made to help with exactly that.
You have to pay close attention to one thing on the chart if you trade naked: price. Price is king. Price will tell you all you need to know. The market will tell you where the critical area is on the chart. This critical area will be the foundation for everything you do as a naked trader. A critical area on the chart is a support and resistance zone. You may be familiar with the concept of support and resistance; however, support and resistance zones are different from what many traders characterize as support and resistance. I will call these support and resistance zones by one word— zones. There are five important characteristics of zones that Forex Chasers teaches on and in this blog post I will share only two:
1. Zones are an area, not a price point.
2. Zones are spots on the chart where...
Forex Chasers created this blog as a community for traders in the foreign exchange market seeking help and guidance in terms of viewing market price movement from a 4D perspective in technical analysis.
Its core aim and objective is educate you abundantly in how to understand and anticipate the direction in which the market price moves in. The company has been giving out free value for just above three years with more than 300 satisfied premium clients and still couldn't be happier to give more free information .
You will be seeing the directors face a lot in the YouTube videos you will be referred to, where he will be explaining the core topics that'll will be discussed in this community. Every thing discussed here will be Forex-related content to benefit you financially and mentally as a professional foreign exchange market trader.
Watch this video to see our introduction to Forex trading:
Have a blue week!