BEST METATRADER 4 (MT4) INDICATORS
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ROUND NUMBERS (Psychological Levels)
In finance, psychological level is a price level in technical analysis that significantly affects the price of an underlying security, commodity, currency or a derivative. Typically, the number is something that is "easy to remember," such as a rounded-off number. When a specific security, commodity, currency or derivative reaches such a price, financial market participants (traders, market makers, brokers, investors, etc.) tend to act on their positions (buy, sell or hold).
Extremely valuable indicator, especially for scalpers.
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Thanks to Jan Jabłoński, from FxCraft ( fxcraft.biz/en )
George Soros made $ 1 billion in one day on the FOREX in 1992. He sell GBPUSD (British pound against the US dollar) in the strong resistance formed by the double top and the strong psychological level GBPUSD = 2.0000.
George Soros ganhou US$ 1 bilhão em um dia no FOREX em 1992. Ele vendeu GBPUSD (libra britânica contra o dólar dos EUA) na forte resistência formada pelo topo duplo e pelo forte nível psicológico GBPUSD = 2.0000.
FFC - Forex Factory Calendar
Simply the best POSITION SIZE CALCULATOR ever created!