Support & Resistance – The Perfect Tool For CFD & Forex Traders

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:

Understanding support and resistance levels
Using multiple indicators verify price action at important levels
Looking for patterns to find trading signals
Building A Trading system around support and resistance
Incorporating these levels into your own trading strategy

Barry Norman 
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.