32. Understanding Support and Resistance Levels

Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to trading. This episode covers the basics of support and resistance, how to identify these levels, and how to employ them in various trading strategies.

More info on how to place your first trade here.

FxScouts DISCLAIMER:

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.