How to Use it to Your Advantage forex
What is confluence and why is it so concrete to your trading the forex market? In this article, I will take you through what confluence is and why it is so important, and how you can inculcate it into your FX trading strategy to help put the odds in your favor. What is Confluence? Before going further into the way confluence can improve your forex trading, we need to understand what confluence is. According to a dictionary definition: Confluence is a situation whereby two things occur at the same time or come together . To further simplify the description, confluence is achieved when two or more “things” bind together at the same time. In FX trading, we can say that confluence occurs when two or more factors come together in the same place on a graph. Examples of these “things” can be a level of support or resistance, the price action, moving average, buying or selling signal or even something as simple as a strong trend. All these things are what we call Confluenc...