Articles filed in "Currency Trading" category

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Forex Currency Trading Tutorial – What Is Support?

If you are just starting to learn about the forex markets, and currency trading, then I have no doubt that you may already have come across the terms resistance and support. These two concepts are pivotal to you trading successfully. It is critical that you fully understand what causes them, and how to spot these areas of support and resistance on your currency charts.

In the normal cyclical movement of the market the price is influenced completely by sellers and buyers. If there are more sellers than buyers at any given period then the price action will be moving downwards. Conversely, if there are more buyers than sellers at any given point in time then the price level will be trending upwards.