Economy is not my area of expertise so I have to go through each lesson a couple of times before I understand it completely. Currently I’m at the 2nd Grade, [B]Support and Resistance[/B] and I don’t have a clue about what that is.
I know a definition but I don’t know how can it be used and where can it be used and how is it created and who creates it…What the hell is this resistance and support about.
The lesson starts with a definition of Support and Resistance and continues with some [B]tests[/B] and [B]broken resistance[/B] and some virtual lines on charts and zones…Can someone explain in simple words (English is not my first language) the meaning of Support and Resistance?
I highly recommend that you do not restrict your initial FX education to just this site.
For starters - if you Google “Support and Resistance Basics” and click on the first result, you will find more info on this topic - and a fantastic resource for any future questions you may have.
After you went through the school of babypips, i suggest you take a look at 301 Moved Permanently
The thread will focus on support and resistances and using them for trading.
I used Google and found a nice article on Hugpages and I can say I’m past S&R on BabyPips School (passed the test). I’m learning Fibonacci calculations right now. Thanks.
Nice picture!! I like it! That�s a good way to remember what resistances and supports are. I think you got it from babypips, that�s a good source of information for beginners.
