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Win at Forex Trading Step - Be aware of The Daily Pivot Points Paying attention to daily pivot points is especially important if you're a day trader However, it's important regardless of whether you're a position traderor swing trader, or only engage in trading time frames that are long-term. Why? because of the reality that thousands of traders monitor pivot levels. Pivot trading can be as if it's an auto-fulfilling prophecy. What we mean by that is that markets will often detect resistance or support or make market turns, at pivot levels because a lot of traders place orders at those levels since they're certified pivot traders. Thus, when significant trading moves occur in the absence of pivot levels, it is really no rationale for the action apart from the fact that lots of traders have placed trades anticipating this kind of move. This isn't to say you should use pivots to be the sole foundation of your trading plan. What we're saying is that regardless of your individual trading strategy you must be aware of the daily pivot points to find indications of trend continuations as well as potential market reverses. Consider pivot points and the trading activity that occurs within them as a technical indicator that you can use in conjunction with your chosen trading strategy is.

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