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Winning Forex Trading Step - Pay attention to The Daily Pivot Points Paying attention to the daily pivot points is crucial for day traders, but it's also important regardless of whether you're a position trader, trading swings, or you only trading long-term time frames. Why? because of the fact that thousands of other traders keep an eye on pivot levels. Pivot trading can be like an unfulfilling prophecy. What we mean is that markets will often discover support or resistance or make market turns, at pivot levels , simply because traders make trades at those levels because they're known pivot traders. Thus, when significant trading moves occur off pivot levels, there is no reason to the change aside from the fact that many traders have made trades in anticipation of such a move. We're not suggesting it's a good idea to use the concept of pivots as form the primary basis of your trading strategy. What we're saying is that regardless of the specific strategy you use for trading you must keep an eye on the daily pivot points to find indications of either trend continuations or possible market reverses. Look at pivot points and the trading activity around them to confirm a technical indicator that you can employ in conjunction with you choose to use for your trading strategy.

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