Post
Topic
Board Trading Discussion
Re: The importance of support resistance
by
lixer
on 17/08/2020, 23:18:54 UTC
It is very safe to trade with support resistance but when we learn to trade we forget it after learning it or we are not interested in using it. But the use of support and resistance is very important in trading. Many of us run after strategy and forget or ignore the use of support resistance. The market always respects support and resistance or breaks out and moves in an up or downtrend.
I urge new trades to learn to draw support resistance with great care and observe the market to see the results for yourself.
I think it all depends on the traders, sometimes the information you’re getting, no matter how you might be thinking you’re getting that information, it’s probably going to be late, so it’s up to you on what you want to do.

There are people who are trading without making use of support and resistance. Just like some people will always tell you that if you can’t trade smart, then it’s best that you just forget about anything that has to do with trading. People can trade without support and resistance, but before you start trading, it’s good that you understand everything developed strategy.