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1、TradeForexwithSupportandResistanceStrategiesByWalterPeters,Phd.BestMetatraderBroker.com1ImportantRiskDisclaimerALLINFORMATIONCONTAINEDINTHISCOURSEISFOREDUCATIONALPURPOSESONLYANDISSOLELYTHEOPINIONOFTHEWRITER.NOSOLICITATIONTOBUY,SELLORTRADEANYSECURITIES,COMMODITI
2、ES,CURRENCIESOROPTIONSISCONSTITUTEDBYTHISCOURSE.THEINFORMATIONSHOULDBETAKENATTHEREADER’SDISCRETIONANDITISSTRONGLYRECOMMENDEDTHATOTHERSOURCESBECONSULTEDBEFORETRADINGONANYINFORMATIONWRITTENINTHISMANUAL.TRADINGFUTURES,OPTIONSONFUTURES,ANDFOREIGNEXCHANGEINVOLVESSUB
3、STANTIALRISKOFLOSSANDMAYNOTBESUITABLEFORALLINVESTORS.YOUSHOULDCAREFULLYCONSIDERWHETHERTRADINGISSUITABLEFORYOUINLIGHTOFYOURCIRCUMSTANCES,KNOWLEDGE,INVESTMENTOBJECTIVES,RISKAPETITEANDFINANCIALRESOURCES.MOSTIMPORTANTLY,DONOTINVESTMONEYYOUCANNOTAFFORDTOLOSE.TRADING
4、FOREIGNCURRENCIESISACHALLENGINGOPPORTUNITYFOREDUCATEDANDEXPERIENCEDINVESTORS.BACKTESTEDANDHISTORICALRESULTSARENOTINDICATIVEOFFUTUREPERFORMANCE.OPINIONS,MARKETDATA,ANDRECOMMENDATIONSARESUBJECTTOCHANGEATANYTIME.2PrefacefromBestMetatraderBroker:DearTrader,Oneofthe
5、greatestadvantagestobeingintheForexbusinessisthatweconstantlyspeakwithandmonitorthousandsofForextraders.Inordertoprovideyouwiththebestresourcesectionpossiblewedecidedtocontactsomeofourtoptraderstobringtheirmosteffectivestrategiestoyou.Weexpectedthatmanytradersw
6、ouldbeusingextremelycomplicatedsystems,algorithmsandindicators.Wealsowerenervousbecausewethoughtthattraderswouldbeunlikelytoshareinformationabouttheirtradingstrategies.Sometradersdid,infact,prefertokeeptheirstrategiesprivateandwerespecttheirprivacy.Howevermanyt
7、raderswereeagertoprovideuswithgreattipsandevendetailsabouttheirtradingstrategies.Oneofthereasonsthattheyweresoeagertoshareinformationisthattheirstrategieswereactuallyfairlystraightforward.Althoughmoststrategieshadauniquetwist,hardlyanycustomindicatorsorcomplica
8、tedalgorithmswereused.Whatstoodoutamongthesetradersisverydiligentriskmanagement,veryselectivetrading,andverycarefulplanning.Althoughthesestrategiesaresimple,inouropinionitwi