Resistance, Support aur pivot point.

har insan jo big institution krta hai usy chahey k wo rat 3 bjy jb day chang hota hai pivot chak kry aur apny mind ko update rakhy js se wo lose se bachh sakta hai

For saring A Very helpfull information mujhe buhat behtar Tarah Say Resistance,Support level Samajh Aa gya Pivot point bhi Samajh Aa ya magar aapbatayen k pivot pint Kaisay Check kiya jata hai...i Mean amaray Trading

g han bhai jan ap ne achi post ki hai forex ma trading karte waqat hmam support level or resistance level k bara ma pata hona chahye taka hum acha tareeq sey trading kar sakhy agr ap ko in cheezo k bara ma pata hai to ap easily earn kar skahte ho

har cheex boht ehum hai forex main or ye boht hi achi informations hain hmaray liay ta k hum behtr tareqay sy tarding kr saken or loss sy bach sake so its good to be have the kind of seniors who always provide us support and help from their knowledge and experience jis sy hum behtr tareeqay say faeda utha rahy hain behtr trading kr rahy hain

wah janab ap ki bat to bilkul sahi hay aur is tarikay ka istamal main bhi kar raha hoon aur zay sab say best hay ham is tarikay kay zariay say bohat sara profit bana saktay hain main ap say 100% agree hoon bohat achi sharing ki ap nay aur bhi agar ap kay pas aisa khuch hay to plz zahan share kar dain sukria.

Resistance support and pivot level are very important level in forex trading because with this level there bound to be possible price reversal and that is why it is not advice able that you trade close to this level and also there are tools or indicators that draw this level for you

forex trading is important organization for all those people who would like to business inside foreign currency them all must uncover knowledge of foreign currency organization there are many factors regarding finding foreign currency design to create income which is called help level competitors level in addition to pivot level.

specific assessment boohat she or he important hai. agar seem is really main help as well as competitors level ko samaj kar kaam karty hain to be able to seem zyaada money produce kar sakty hain as well as is really organization main apna occupation bana sakty hain.

Resistance, Support and pivot purpose.
i don't grasp any issue regarding of these as a result of i'm a brand new member here....and don't have complete information regarding it nevertheless....i am active in demo account and obtaining information regarding it..

Pivot points were originally developed by floor traders in the equity and commodity exchanges. They are calculated based on the high, low and closing prices of previous trading sessions, and are used by traders to predict support and resistance levels in the current or upcoming session

These support and resistance levels can be used by traders to determine entry and exit points - both for stop losses and profit taking.
Because the forex currency trading market is so large and liquid, pivot points - which thrive in this type of market - are very useful. The large size of the market, especially in liquid currency pairs such as the EUR/USD, helps prevent market manipulation that would keep the market from adhering to technical principles like support and resistance.

Pivot Point Calculator
Many free pivot point calculators are available online to help traders calculate their pivot points for the current or upcoming trading session. Pivot point calculators are a valuable tool, but also unnecessary, as the formula is actually quite simple. The pivot point for the current trading session is calculated as:

Pivot Point = (Previous High + Previous Low + Previous Close) / 3

Pivot Point = (Previous High + Previous Low + Previous Close) / 3

The pivot point can then be used to determine levels of estimated support and resistance levels for the day:

Resistance Level 1 = (2 * Pivot Point) - Previous Low
Support Level 1 = (2 * Pivot Point) - Previous High

Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1

Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1)

Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2

Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2)

Forex Day Trading
Because the forex market is a 24-hour market, there is often confusion about what time of day to use when calculating the closing price of one trading session and the opening of another. The generally accepted times used when calculating pivot points is 23:59 GMT for the close of a trading session, and 00:00 GMT for the opening of the new session.

The forex day trader can use daily data to calculate pivot points and support and resistance for the upcoming trading day. Weekly, swing forex currency traders can use weekly data to calculate pivot points and support and resistance for the upcoming trading week. Longer term forex currency traders can use monthly, yearly, or even longer time frames when calculating pivot points and support and resistance levels on their charts. Calculations can be done quickly and easily on free forex pivot point calculators across the internet, or by hand using the simple equations noted above.