View full page at forexfactory.com

 

Using Support and Resistance to Trade Supply and Demand

From dailyfx.com

In our article, The Forces of Supply and Demand, we saw what a large impact these forces can have on prices in the Forex market. This is a strong and important relationship it may be difficult to understand exactly ‘how’ this takes place. This is where support and resistance can come into play; helping traders identify levels in which the supply and/or demand in a given currency pair may change once that line is crossed. This article will delve deeper into this premise, and we’ll look at how traders can begin to use supply and demand to their advantage. Supply and Demand Supply is the amount available at a particular ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News