Support and Resistance for CFD and Forex Trading

Support and Resistance levels are a key indicator of price action and can be a trader’s best friend. Price action can form successful and profitable trading signals at key levels. In this class, we will look at several different types of support and resistance, using pivot points, support and resistance from trend lines and using other indicators such as Gann fans to combine into a system that will issue trade signals, as well as help with entry and exit points. We will look at several important patterns and what they can mean to a trader as we draw more understanding of price action and momentum with these important support and resistance level.

Successful investors use support and resistance lines to identify price patterns. These patterns can prove useful in determining the direction prices are likely to move. With such signals, traders can execute trades with a higher level of confidence. In fact, they can get ahead of increasing buying and selling volume to leverage price momentum. In this class, we will look at review some of the most successful patterns generated by price action.

In this class, we will learn:
1)      Understanding support and resistance levels
2)      Using multiple indicators verify price action at important levels
3)      Looking for patterns to find trading signals
4)      Building A Trading system around support and resistance
5)      Incorporating these levels into your own trading strategy 

Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.