A good place to start your forex trading education is by studying the concepts of support and resistance. This forms and a good foundation upon which you can build by learning the many other facets of trading in this market.
The concepts of support and resistance are often viewed as complex by the beginning trader. They are definitely two of the most widely discussed facets of technical analysis. A complete study of this subject is not possible in one article, but we’ll simplify the subject by focusing on the very basics of what beginning traders need to know.
When you view a forex trading chart, you’ll see that price doesn’t usually move in a straight line. A price will go up, then down, then up again, giving the appearance of a zigzaged line.
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