Articles by Duke Pollard, CEO and Founder of Capital Markets Elite Group
Mastering support and resistance in FX trading
If you’ve started trading FX or are contemplating giving it a go, you may have heard of support and resistance. What is support and resistance in FX trading and how do you master it to use it for your trading strategy? This article is an introductory article explaining some of the most common terms and strategies used in Forex trading.
What is support and resistance in trading?
Support and resistance levels are used to refer to the ceiling or high price (resistance) and floor or low price (support) of a certain asset price, commodity, or currency pairing. They are often visualized as horizontal lines on trading charts. [Read More]