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There are many forex traders who just use pivot point in their forex trading.
One cannot imagine about their profitable trades they pull. Pivot point is just the central point.
Pivot point plays a major role in online forex trading.
It helps to find the support and the resistance level in any price chart. Pivot point helps the traders to get an idea were the markets are heading.
The arithmetic calculation is very simple to calculate. You require close, high and low prices to get a series of points.
With the help of these points support and resistance level is calculated. The pivot points levels calculated from them are known as the pivot levels.
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