The Complete Guide to Supply and Demand in Forex FROM HANZO
Supply and Demand Forex – The driving force behind changes in price is supply and demand. When there are more buyers than sellers, the market price will move up. Conversely, when there are more sellers than buyers, the market price will move down. When buyers and sellers are more or less even, the market will range. These simple concepts are very powerful and allow us to analyze naked charts in order to determine where the price is likely to go.
Since the current price is determined by past prices, this is a very simple method of technical analysis and a highly successful trading style that makes it possible to identify a specific entry price, and a supply zone or demand zone. Stop-loss and take-profit levels are also easily identifiable.
Supply and demand in forex trading (SD for short) provides a simple no-brainer system that gives good profits. All this without all the complexity of technical indicators, but rather through the interpretation of the bare price action itself.
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