Forex trading is shrouded in mystery. There is obviously something there - stories of fortune and fame, riches and prosperity. But what? And how can one claim this for oneself?
Until now it was a hit and miss situation, a question of luck. Then came Lesiba Mothupi who discovered how to trade forex using indices and market knowledge, and a way to do this using a simplified trading blueprint. Having mastered forex trading, he gained insight into this easy to use formula that would make it simple for anyone off the street to succeed at market investing. He was so inspired by what he could achieve that he wanted to share it with others.
He brings this formula to you in the form of Forex Chasers, an online forex trading educational institution that makes trading forex simple and accessible to anyone.
Forex trading prodigies learn how to trade properly and make their fortunes through calculated, educated...
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...