Summary of Forex Pivot Points

• Pivot points are a technique used by professional traders and market makers to determine entry and exit points for the trading day based on the previous day’s trading activity. It’s best to use this technique after determining the direction of the trend.

• Pivots can be extremely useful in Forex since many currency pairs usually fluctuate between these levels.

• Range-bound traders will enter a buy order near identified levels of support and a sell order when the pair nears resistance.

• Pivot points also allow breakout traders to identify key levels that need to be broken for a move to qualify as a bona fide breakout.

• The simplicity of pivot points definitely makes them a useful tool to add to your trading toolbox. It allows you to see possible areas that are likely to cause price movement. You’ll become more in sync to market movements and make better trading decisions.

• Learn to use pivot points along with other technical analysis tools such candlestick patterns, MACD crossover, moving average crossovers, Stochastics overbought/oversold levels. The greater the confirmation, the greater your probability of success!

Forex Training Class Lessons in 8th Grade: Pivot Points

1. Forex Pivot Points
2. How to Calculate Pivot Points
3. How to Trade with Pivot Points
4. Forex Pivot Point Trading Tips
5. Summary of Forex Pivot Points

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