Skip to content
  • Credit
  • Loans
  • Wealth Building
  • Finance
2023-02-02
Finance Advise

Finance Advise

Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.

2023-02-02
  • Home
  • Wealth Building
    • Currency Trading
  • Finance
    • Personal Finance
  • Credit & Debit
    • Credit
    • Debt Consolidation
  • Loans
    • Auto Loans
    • Personal Loans
    • Student Loans
  • More
    • Bankruptcy
    • Taxes
  • Contact Us

Most Viewed This Week

2022-09-22

What Is A Forex Affiliate Program and How Does It Work?

1
2022-09-032022-09-14

Changes to the ERTC in 2022

2
2022-07-292022-07-30

4 major reasons people borrow money

3
2021-08-242021-09-25

Bad Credit Debt Consolidation – Single Loan to Erase Bad Credit

4
2021-08-242021-09-25

Personal Loan Package From CitiFinancial

5
2021-08-242021-09-25

Keep Your Money And Eat Free

6

Search Field

Subscribe Now

Quick Links

  • Home
  • Blog
  • Privacy Policy
  • Contact Us
  • Sitemap
  • Home
  • Currency Trading
  • What Is Pivot Price In Forex Trading?
  • Currency Trading

What Is Pivot Price In Forex Trading?

Shelby L. Maxim 2021-07-31

I believe you have heard about pivot point in Forex trading, so what is Pivot Price then?

Pivot pint is a technical tool using the High, Low and Close of the previous day trading to calculate a set of resistance and support levels.

Most traders only use this trading tool to ‘forecast’ the direction of the market or creating the ‘bias’, by using the opening price of the market. If the price trades above pivot, the bias is up; if the price trades below pivot, the bias is down.

Price action is about making trading decision using plain charts; as very often traders’ psychology are being reflected on the chart itself, that include the results of an economic data, traders’ print the results clearly on the chart before the release of the data.

Just take a few minutes of your time to look at the chart (no indicators) on your trading platform, you can actually see how the prices will often stalled or create a strong break through at a certain levels.

If you now add your pivot point indicator to the chart, you will see a clearer picture on how price action coincides with the levels of pivot point. We are creating a ‘confluent’ trading based on the combination of both pivot point and price action, to increase the accuracy of ‘forecasting’ the movement in Forex market.

Using these combinations, we are able to eliminate the ‘guessing’ on where the market is going. This also helps traders who do not like to use economic data in their trading.

Next Post
  • Credit

Frequent Flyer Credit Cards

Shelby L. Maxim 2021-07-31

If you are a person who needs to travel often for business or personal reasons, you would probably benefit from using a credit card with frequent flyer benefits. Many airlines are currently offering their own credit cards to help travelers earn money towards travel tickets. Additionally, major credit card companies often have rewards programs in […]

Breaking News

What Is A Forex Affiliate Program and How Does It Work?

Changes to the ERTC in 2022

4 major reasons people borrow money

Bad Credit Debt Consolidation – Single Loan to Erase Bad Credit

Personal Loan Package From CitiFinancial

Keep Your Money And Eat Free

How to Get a Personal Loan, It’s Not All That Difficult

  • Home
  • Blog
  • Privacy Policy
  • Contact Us
  • Sitemap
Copyright © 2023 Finance Advise. All rights reserved. | Theme: Blook By Themeinwp. | Powered by WordPress