FOREX TRADING MARKET.

How to use pivot point to profit in the Forex trading market Pivot points trading system in Forex trading is a new way of generating profit pips in the Forex trading market..Pivot points as a trading system is good because it is predictive.You as a trader is able to use the information of the previous day high,low and close to generates 7 points.i.e 3 supports,3 resistance levels and the actual pivot points. Trading system. 1.If the market opens above pivot point,then go for long trades as long as price remains above the pivot point. 2.If the market opens below the pivot point then go for short trades as long as the market remains below the pivot point. 3.The general idea behind trading pivot point is to look for a reversal or break of R1 or S1.By the time the market reaches R2,R3 or S2 the market WILL ALREADY BE OVER BOUGHT or oversold and these levels should be use for exits rather than entries. How to calculate the points. 1.Pivot point=High+previous close+previous low/3 2.Resistance 1= 2*Pivot point - previous low 3.Support 1=2*pivot point-previous high 4.resistance 2=pivot+(R1-S1) 5.Support 2=Pivot-(R1-S1) 6.support 3=Low-2*(High-Pivot point) 7.Resistance 3 =High + 2*(pivot-Low) HOW TO MAKE MONEY FROM FARM INVESTMENT