Bisniss : Best Forex trading strategies that work

The role of price action in Forex strategies
To what extent fundamentals are used varies from trader to trader. At the same time, the best FX strategies invariably utilise price action.
This is also known as technical analysis.
When it comes to technical currency trading strategies, there are two main styles: trend following, and counter-trend trading. Both of these FX trading strategies try to profit by recognising and exploiting price patterns.
When it comes to price patterns, the most important concepts are those of support and resistance.
Put simply, these terms represent the tendency of a market to bounce back from previous lows and highs. Support is the market's tendency to rise from a previously established low. Resistance is the market's tendency to fall from a previously established high.
This occurs because market participants tend to judge subsequent prices against recent highs and lows.
What happens when the market goes near recent lows? Put it simply, buyers will be attracted to what they see as cheap.

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