Support and Resistance Basics

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Course Details

Cost

FREE

Upcoming Schedule

  • On demand

Course Provider

FX Academy online courses
FX Academy is a comprehensive Forex education system conceived directly from the need for traders to learn about Forex trading at their own pace in a comfortable, interactive environment. Founded by the trading experts at DailyForex.com, FX Academy offers traders of all levels the widest range of online courses to increase their knowledge of macro environmental trading conditions, trading concepts and strategies from core to advanced, heighten confidence and ability to trade profitably. In...
FX Academy is a comprehensive Forex education system conceived directly from the need for traders to learn about Forex trading at their own pace in a comfortable, interactive environment. Founded by the trading experts at DailyForex.com, FX Academy offers traders of all levels the widest range of online courses to increase their knowledge of macro environmental trading conditions, trading concepts and strategies from core to advanced, heighten confidence and ability to trade profitably. In addition to courses about specific technical trading strategies and Forex trading basics, FX Academy also offers lessons in dealing with the complexities of trading psychology. Courses will include videos, quizzes, and trade stimulators aime to have each trader identify their weaknesses, strengths, and be prepared for trading strategies for the future.

Provider Subject Specialization
Business & Management
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Course Description

In Forex, support and resistance are key concepts, both referring to price zones where it is hard for the price to break through and move beyond.

In this course, in addition to giving you an introduction to Japanese candlesticks as the best method of visually displaying and interpreting forex price movements, we will explain how traders identify support and resistance zones in order to:

  • See likely “cheap” and “expensive” prices for a time period.
  • Use forex support and resistance to determine stop loss placement.
  • Determine where to go “short” or “long”.
  • Identify high reward, low risk trade opportunities.
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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.