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How to Trade Using Support and Resistance Levels (Part 1)

Continuing with our forex course for beginners, in this video you’ll learn the first part of how to trade using support and resistance levels. We’ll go over how to draw support and resistance - for beginners, and more importantly how to trade using support levels. Here on the capital.com forex YouTube channel we try to break down trading to its smallest pieces, so that beginners can learn the basics, use them as a foundation and prevent mistakes that can hamper them along the way. Forex trading courses for beginners often jump over vital points in this education process and most forex YouTube channels are only focused on buy and sell signals. This video is the opposite. We start by answering the basic questions - what is support and resistance in forex trading and show you how to do support and resistance line chart discovery. We then move on to real chart examples of what could be one of the simplest and possibly most effective trading strategies. It doesn’t rely on additional indicators, only on the chart itself and many consider it the best forex trading strategy 2019. Leave us a thumbs up if you like our forex trading for beginners crash course and subscribe. #forextrading #forextradingcourse #capitalcom *** Follow David Jones and Capital.com on: Facebook:   / capitalcom   Twitter:   / capitalcom   Linkedin:   / capital.com   *** Explore trading and start investing with Capital.com. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.