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If you don’t know a darn thing about forex trading – especially if you are an idiot freelance writer looking for information on forex trading and you’re past deadline – just give up reading this article now. Go to a beginner’s forex trading web site and take a crash course in the basics before trying to comprehend what a forex entry signal is.

Specifics Before You Can Play

You can’t just jump into any aspect of forex trading, especially if you haven’t a clue as to what a forex entry signal is, let alone learning the fine art of when to touch a forex entry signal to make a bid on a trade. You might as well stick a neon sign on your forehead saying “SUCKER.” You need to download forex simulation software and use it faithfully for AT LEAST two months before you put an actual penny (or whatever currency you’re using) into the real forex game.

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Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days move and trades are entered when the market hits a support or resistance line of the pivot point providing your OB/OS indicator is in agreement. All the support and resist lines are put in place 1st thing in the morning. then you wait for the market to hit those entry points.

Contrary to what some might believe, trading Forex with Pivot Points are probably the most popular method used in trading the financial markets today. Long before the invention of computers this was the method used by the traders in the pits to determine hidden support and resistance levels.

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