Breakout trading is the practice of waiting for significant support or resistance levels to break before entering into new positions. This ultimately signifies a new trend is in place.
Ranges are seen in the financial markets any time there is a clear support and resistance level that is able to contain prices for an extended period of time.
Trends are typically defined as having a series of highs and lows (at least 3) that are formed consecutively.
Daytrading: Choosing a Forex Trading Platform If you are ready to start forex trading with a live account, one of the most important tools you will use will be your trading station. This is accomplished […]