Forex encyclopedia

Pivot Point, PP set the level, around which price moves. In other words, it is the level, from which price bounces to move to a certain direction. PP method was developed by John L. Person in 2007 for intraday trading. The purpose of this method is to find future resistance and support levels judging by prices of the last candle.
Popular article: Forex trading in Pakistan
The Forex market is a decentralised market and it does not have financial controls. This means that the foreign exchange market is a free to trade and anyone can join it and trade currencies. However, every country has its own laws to regulate brokers companies and traders’ activity.Forex trading in Pakistan is regulated by the Securities and Exchange Commission of Pakistan or the SECP.
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