Hello, yet another newbie on Forex Factory. I ask this question because in a couple of months, I plan to start trading with real money and will strictly use support and resistance. So, some background information about me. I've been demo trading for the past 6 months and was profitable for 5 of those months. My strategy was mostly fundamental, as I would try to trade after big news in the global economy. I soon found out that this was not the most consistent strategy (not really a strategy TBH). So my question to you is can someone build an account from only using support and resistance? Feel free to post pictures of your own drawings, as this thread can be a place to discuss S+R charts. Thank You
Poll
- Is strictly trading support and resistance profitable?
- Joined Dec 2015 | Status: Member | 7,900 Posts
Do your homework, follow the footprints of smart money
- Joined Dec 2013 | Status: Member | 1,910 Posts
Learn, a forex trader must, unlearn and relearn he will.