Breakout Forex Trading A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. #forextrading #forexcourse #trading #cryptotrading #trendlines #forex #breakouttrading ... https://www.youtube.com/watch?v=wLL3j1JogbE

FOREX British Pound U.S Dollar GBPUSD FOREX Trading INVESTING The GBP/USD (British Pound/U.S. Dollar) is an abbreviation for the British pound and U.S. dollar currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one British pound (the base currency). The GBP/USD forex pairing, also called the cable, is one of the oldest and most traded currency pairing. The term “cable” refers to the practice of transferring price quotes for the Pound in the 19th century via the undersea cable that crossed the Atlantic. Because the U.K. and the U.S. maintain close ties and large trade agreements there is always a huge need for businesses on both sides of the Atlantic to exchange Pounds for dollars or vice-versa. This liquidity has also made the pair popular with retail traders. #JjibipiYuEsdi #GBPUSD #FOREXTRADING #Investment #Tusmag ... https://www.youtube.com/watch?v=lZKdIXodhGQ

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Support and Resistance Continuation Part 3 Forex Trading #Investing “Support and resistance” is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea of how you should measure support and resistance. What is support? Support is a level on a market’s chart that it bounces off when in a bear trend. Say that an asset is falling, but there’s a price that it won’t drop beyond. Each time it hits that price, buyers take over, and the market rises again. This would be a support level. When an asset drops to a level of support, sellers are unable to drive its price any lower. Buyers might feel that now is the right time to step in, which creates a reversal. Support levels won’t only appear on bear markets, though. As a bull market zigzags upward, it may hit subsequently higher support levels. You can spot support areas on charts of any timeframe. They are sometimes referred to as a ‘base’ or a ‘floor’. What is resistance? Resistance is an area on a market’s chart that it has trouble breaking through to hit new highs. Resistance is the opposite of support. When an asset hits it, sellers take over and send its price back down again. Like support, resistance levels can appear when markets are in bear trends as well as bull ones. They are sometimes referred to as an asset’s ‘ceiling’. You might also hear a market described as ‘rangebound’, which means that its price is stuck between its support and resistance levels. Why are support and resistance important? Lots of traders use support and resistance to help them plan when to enter and exit positions. As a simple example, a support level that has been hit but not breached multiple times could offer a buying opportunity. By opening a long position near the area of support, you can earn a profit if the market bounces again. Or you could open a short trade near a resistance level, to take advantage of any downward price reversal. When you want to exit a position, identifying the level at which a price reversal is on the cards can help maximize your profit – or minimize your loss. Of course, support and resistance levels aren’t absolute and can be broken. Often, when a market breaks through an established area of support or resistance, it goes on to make a move towards the next one. This can lead to another trading strategy – opening a position on a market when it surpasses its support or resistance level and trading the subsequent move. Remember, though, that nothing is guaranteed in the markets. They can be affected by a variety of factors. #forextrading #investing #cryptotrading ... https://www.youtube.com/watch?v=dggBNw9C4pk