Forex basics

Supply and demand strategy in trading:

Using the Supply and Demand Law. we will always buy at a low price and sell at a high price – that is, buy-in demand and sell areas in the supply areas. Therefore, we will trade against the direction in which the price moves. because we have an estimate of the way the price may move and you are about to reverse.

When a breakthrough occurs in the supply area or order area is the entry point for your trading. This is called the level of action. The level of penetration is when we see the evidence of imbalance in supply, demand, and prices moving.

Orders are expected to be executed at the same price level as soon as this imbalance occurs. So we have a statistical advantage from which we can conclude . that there will be another market glitch in that region.

Decide the level of profit-making

When it comes to making your profits in a trading supply and demand strategy can be summarized as such:

• The first profit in a sale transaction is the level of resistance ((demand area))

• The first profit in a purchase transaction is the level of support ((display area))

Therefore, with your chart monitored to form a new level of support. you should expect to create a new order level to set up the deal.

Once you refer to it on the chart, you can set earning profits at this level accordingly. This principle applies to the market reverse trend as well.

At this level, you can close your trading in whole or in part . and wait for the next level to enter into new deals.

Place a stop-loss order:

The proposed stop loss should be placed down/over the edge of the presentation or the demand area specified slightly. This price point is known as the “rule”.

• When the display area trades, this will be the beginning of the large candle that began to form this area and the set of candles adjacent to it.

Traders engaged in trading a supply and demand strategy such as this need to pay attention to these two critical levels shown on charts. Demand area and supply area.

Can I set limit orders with supply and demand areas?

The beauty of dealing with trading the supply and demand index strategy is that it works at predetermined levels, and saves.

You can set pending orders automatically when the price reaches these future price levels using this information, this enables us to set up trades using limit orders and wait for the market to reach these levels again without sitting in front of the chart.

Once you sign up with us, you will deal with a support employee from the company.. He will be with you step by step telling you when you should open the position.. and when you should close it, in addition to a wide range of tips and instructions that will guarantee you a large profit.

Do not hesitate!

Now if you do not have enough time to analyze the market.., you can talk with the experts or you can contact the company via WhatsApp and enjoy the best services in the field of trading.

You can also visit our website: Markets Bloom .. and our Facebook page: MarketsBloom

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