Trading is not difficult its just your mind set you can control your emotions then you can success in trading, first of all,
1) what is trading?
Trading is the act of buying and selling financial assets like stocks, currencies, commodities, or crypto, with the primary goal of profiting from short-term price fluctuations, unlike long-term investing. Traders aim to buy low and sell high, using market analysis to predict price movements and capitalize on them quickly through various financial instruments on exchanges or over-the-counter.
2) what is support & resistance level?
In trading, Support is a price level where buying interest is strong enough to overcome selling pressure, causing a downtrend to pause or reverse upwards, while Resistance is the opposite—a price level where selling pressure dominates, stopping an uptrend and causing a price dip. These crucial technical analysis levels help traders identify potential buy/sell points by observing past price behavior, where support acts like a floor and resistance like a ceiling for prices, forming trading ranges.
"Support Explained"
Definition: A price floor where demand (buyers) temporarily exceeds supply (sellers).
Behavior: Price tends to bounce off support, slowing its fall or reversing it.
Formation: Occurs at previous lows or troughs where buying interest stepped in.
"Resistance Explained"
Definition: A price ceiling where supply (sellers) temporarily outweighs demand (buyers).
Behavior: Price struggles to break above resistance and often pulls back.
Formation: Occurs at previous highs or peaks where selling pressure increased.
I hope you all will understand
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