Tips for efficient trading using support and resistance levels
Did you know that 95% of traders find it hard to make consistent profits? The secret to trading success often comes from grasping key technical analysis concepts like support and resistance levels. These levels on charts show where a trend might pause or change direction. They are vital for making smart trading choices. As a pro trader, I've learned that knowing how to use support and resistance is key for efficient trading strategies. By spotting these important prices, you can improve when you buy or sell, control risks, and boost your chances of making steady profits. In this guide, I'll give you my best advice on using support and resistance to boost your trading skills. You'll learn how to understand supply and demand, and how to use trend and range…