Supply and demand may drive price under the hood but, you might wonder how a trader can take advantage of changes in supply and demand to make a profit.
The battle lines between supply and demand are drawn visually on our charts as barriers called support and resistance.
The terms support and resistance are synonymous with demand and supply.
Support is seen as buyers increasing demand and pushing prices higher while Resistance
is seen as sellers flooding the market with supply and pushing prices lower.
Learning to identify support and resistance by reading price is one of the most important skills a trader can develop.
When you trade along the battle lines between supply and demand, you have aligned yourself with the real driving force behind changes in price.
At Telly’s academy, we remove every ambiguities by simplifying teaching and Forex trading methodology.
Now remember, COVID 19 lockdown wasn’t the outcome you hoped for, you didn’t create it but, you have a choice and a chance to create your desired outcome now.
Remember too that learning FOREX costs between $300 to $600 but you can acquire this skill and be in charge of your life by enrolling with TellYS Academy (Foundation).
In an ongoing three weeks intensive online practical and interactive classes, by paying a $28 commitment fee (costs for your learning aids to include; PDF, videos and PowerPoint) only, we will take you from the basics to advanced classes.
Contact us on: 08073246304
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