Hugo
0
All posts from Hugo
Hugo in HTO Trading,

Webinar: Support and resistance | 21 of January 2016

This will be an exciting ActivTrades free webinar with a new guest speaker Sabeer Peerbaccus that will discuss how to improve your trading performance by identifying how the support and resistance are formed besides of how do you trade using them.

The models of support and resistance are unquestionably one of the most highly discussed features of technical analysis and they are often considered as a subject that is complex by those who are just learning to trade.

Determining future levels of support can drastically improve the returns of a short-term investing strategy because it gives traders an accurate picture of what price levels should support the price of a given instrument in the event of a correction.

On the other hand, forecasting a level of resistance can be advantageous because this is a price level that could potentially harm a long position because it signifies an area where investors have a high willingness to sell the instrument.

There are several different methods to choose when looking to identify support/resistance, but regardless of the method, the interpretation remains the same – it prevents the price of an instrument from moving in a certain direction.

I strongly recommended and for those interested in watching just click here.