How to Use Pivot Points to trade breakouts in Forex Trading.
1. Introduction to Pivot Points: Forex market mein trading karte waqt, traders ko market ke movements ko samajhna aur analyze karna zaroori hota hai. Pivot points ek aham tool hain jo traders ko market ka trend aur momentum samajhne mein madad karte hain. Inka istemal traders ko support aur resistance levels ka andaza lagane mein bhi madad deta hai. Pivot points commonly istemal kiye jate hain taake traders ko potential entry aur exit points ka pata chal sake. 2. Understanding Breakouts: Breakouts trading mein ek aham concept hai. Jab market ek specific range mein trading karti hai aur phir ek naye level par move karta hai, to ise breakout kehte hain. Ye naya level high ya low ho sakta hai, jisse trend confirm hota hai. Breakout trading mein traders naye trends ko pehchaanne ki koshish karte hain aur unse profit kamane ki koshish karte hain. 3. Types of Pivot Pointsivot points kayi mukhtalif types ke hote hain, lekin sabse commonly istemal hone wale types hain Standard Pivot Points, Fibonacci Pivot Points, Camarilla Pivot Points, aur Woodie’s Pivot Points. Har type ke pivot points ka apna tareeqa hota hai calculate karne ka, lekin unki basic functionality similar hoti hai. 4. Calculating Pivot Pointsivot points ko calculate karne ke liye, traders ko previous day ka high, low, aur close prices ka istemal karna hota hai. Iske baad, mukhtalif formulas ka istemal karke pivot points ko calculate kiya jata hai. Standard Pivot Points ko calculate karne ke liye, aam tor par (Previous...