PRLog - Nov. 28, 2012 - GURGAON, India -- The buy sell signals that are successful are those that are based on price points and demand supply zones rather than based on indicators since they will tend to give positive trades in most market conditions.
The stock market just like other financial markets moves in waves that tend to move in an overall direction, up or down, it is this overall direction known as a trend that a trader is attempting to determine using the tools available. The buy sell signals should be able to track the main trend and then pick the tops and bottoms of the smaller time frame waves.
One of the most basic buy and sell signals used by all traders is support and resistance. You will find that when a currency is moving in a particular direction it will hit a certain level and reverse. You can see that the particular currency may have hit that same level several times in the past, in a buy situation this is known as resistance and in a sell situation this is known as support.
When these support and resistance levels begin to appear over time an experienced trader will use the breakthrough of these levels as buy and sell signals. If a trend is in a buy trend and finally breaks through a resistance level then the trader will use this as a buy signal and if the trend finally breaks through the support level the trader will use this as a sell signal.
There are many other buy and sell signals that a trader might use with support and resistance levels but nearly all traders will use these basic indicators in determining which way a trend is going to establish. Beginners often see success by using this simple method on its own.
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Mr. Deepak Kapoor (Chief Technical strategist)