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Interested in of forex traders and foreign exchange value? Choose fx sites like FOREXYARD or ForexWebTrader; find a customer support service, Beginner friendly service and round the clock access. For russian, english or chinese speakers, regulated by OSC(CA) or CFTC.

do you know what a "buy a bounce" is?

glossary FAQ: glossary.
X. M. From Canada
11 December, 2009

A strategy that focuses on buying a given security once the price of the asset falls toward an important level of support. Traders who "buy a bounce" attempt to profit from a short-term correction or "bounce" off of the identified support. In order to use this strategy most effectively, a trader has to be sure that he or she is able to identify a valid level of support. Some traders may wish to enter a position before the signs of a bounce off of a support level, but generally this is a high-risk strategy and can result in devastating losses. Most traders will want to confirm a bounce off of a support level by using a combination of other technical indicators before entering a position. Visit FXDD

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