Pivot points are a core technology or a strategy in the Forex Trading. In the early days, the ground for the dealer to use this technique to follow. For these points can be articulated, even today. Pivot points are a valuable method for assessing the development of the entire market. Some calculations and using a little math, one word, one could easily sense the value of currencies.
What is a pivot point?
Maybe you'll start to wonder "What is a pivot point?" A pivot point refers to the point that the direction of market development in the day. With the references to the previous days close, above and below the values you can swing the series. These two points can draw conclusions about the strength and support.
The points are calculated from these series are known to central. While most markets operate on 24x7, they tend to use the time clock of 5 EST for their closing and opening. You can use the information at this time to calculate the swing angle. The guiding principle was of benefit to the trends and the nature of the Forex Trading.
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