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Using Pivot Points in Forex Trading: A Simple but Effective Trading System

Using Pivot Points in Forex Trading: A Simple but Effective Trading System

6 Years ago | August 18, 2014 00:00:00

Trading requires reference points (support and resistance), which are used to determine when to enter the market, place stops and take profits. However, many beginning traders divert too much attention to technical indicators such as moving average convergence divergence (MACD) and relative strength index (RSI) (to name a few) and fail to identify a point that defines risk. Unknown risk can lead to margin calls, but calculated risk significantly improves the odds of success over the long haul.... Click below to read more

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