Support and resistance trading is the most important aspect to becoming a successful trader. Look for previous highs and lows on a stock chart then find where current price action is and then draw your trendlines. Fundamental analysis is also key, however, knowing the levels on where to buy and sell is the critical component…
Tag: support and resistance
Knowing how to draw support and resistance levels is fundamental to any traders success. Without having this skillset, how do you know where to buy low and sell high? You don’t if you can’t identify the highs and lows. The whole concept behind trading stocks is to buy low and sell high. In technical terms…
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