Explain what the term trading range means

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Reference no: EM131231911

a. Explain what the term trading range means. Why is it hard for a trader to make money when the market is in a trading range?

b. What does the term support mean? How is support generally drawn on a chart?

c. What does the term resistance mean? How is resistance generally drawn on a chart?

d. Explain the psychology behind support and resistance levels.

Reference no: EM131231911

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