Trading is a great profession if done in the right way. There are many ways to trade, and people are earning well from it. For this, it is essential to study properly, which will keep improving your trading skills.
To become a good trader, you certainly need to put in more effort and learning. But in today’s post, I will share an excellent way to trade that is very easy and does not require much learning.
You only need to understand a few things, which are very simple. If you learn buy/sell, leverage, and support/resistance, this strategy will be the best for you.
It’s a very simple method. First, you need to check support and resistance on the 1D time frame. Once you know the support and resistance levels, you can easily trade on the 1-hour time frame.
Whenever the price hits the support levels on the 1D time frame, you can open long trades on the 1H time frame and set the stop loss below the 1D support level.
And when the price reaches resistance levels, you should open short trades according to the 1H time frame and set the stop loss above the 1D resistance level.
This is an easy and practiced method. There are higher chances that the price will bounce from support, and there are higher chances of rejection from the resistance level.
If you understand this strategy well, you will certainly be able to earn good money from trading.
THANK YOU!
Sending Love and Ecency Curation Vote!
Follow Eceny's curation trail to earn better APR on your own HP. : )
it is really a good trading strategy and seems workable. thank you for sharing it. would love to hear more.