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Thursday, April 29, 2010

Sunday, April 25, 2010

PIVOT POINT AS A SURE INDICATOR

There are different stories to tell by different traders of the FOREX market, but whatever story anybody has to tell about the market the bottom line is that huge lots of people are really making it from the FX market.
The question now is how can you also make it from the market? the answer is just having the right information about the market. these include the right attitude towards trading, money management, trading strategy and trading tools.
Your trading tools are very important because this are what will point to you which direction to trade to make profit and the direction to trade to throw money into the ocean, there are many trading tools like Candlestick patterns, stochatics, fibonacci,RSI, Parabolic SAR, Moving average, PIVOT POINT e.t.c.
I will be discussing pivot point as a trading tool. You probably must have seen many trade signals on different sites that gives precise figure at which some strategic price action will take place and it is just exactly as they have predicted but for negligible difference! do not be surpriced, you can also do the same if you understand how to use the pivot point as a trading tool .
You may be wondering why this pivot point is so efficient. It is just because it has a standard way of calculating which is what all trader using it use in calculating it, do not worry there are online calculator all`you need is insert the parameter, another thing is that majority of traders use pivot point and you know that the market obeys the law of demand and supply.
Let me not talk too much i know you are now saying i dont want all this your blabbing again, how do i learn how to use pivot point.
i have an ebook which is very comprehensive on pivot point trading with chart pictures for just $20 or if you are within Nigeria and needs a one-to-one tutoring then you can just mail me on cdoffx@gmail.com or call 08053023004.