How are pivot points used in forex trading?

Question: any good articles on the topic. thanks

Answer:
Never used it myself, but I have seen people use it to calculate potential turning points for the day you are about to trade.
Because so many traders follow pivot points you will often find that the market reacts at these levels.

Take a look here for a better explanation:
http://www.investopedia.com/articles/tec...

---

More Related Questions & Answers...

I'm interested in forex trading, what's the best site to go to if you want to trade? who's the best?

Stock options or forex trading, which is better?

Anyone here trades forex?let's share knowledge and opinion?

Is it possible to make a great profit over a month with Forex trading?

How are pivot points used in forex trading?

How forex paper trade works?

Currency/Forex trading company in Las Vegas?

When one opens a forex trading acct. who is the market maker for the currency pairs, the bank that the trading

Learning Forex Trading?

What's is the easiest and the most effective tool to use to trade in Forex?