The pivot point indicator is the easiest of all the forex technical indicators. If you find other trading indicators difficult or you're a new forex trader, pivot points are perfect for you! Forex trading expert, Andrew Lockwood (from Forex Signals) is going to explain exactly how easy it is to master and use pivot points. Every day, with just a few simple numbers, the pivot point line and support & resistance lines will be drawn for you. These can be used for profit taking, stop loss, and much more! Andrew has also also developed a free pivot point indicator cheatsheet with all the info in this video summarized!

00:00 - Introduction to the Pivot Point Indicator
02:01 - What are Pivot Points?
02:49 - How to Calculate Pivot Point Lines
05:26 - How to use the Pivot Point Indicator
06:34 - Pivot Point Lines as Take Profit Targets
08:14 - Using Pivot Points for Counter-Trend Entries
09:14 - Using Pivot Points for Entries on Breakout
10:20 - Pivot Point Lines for Stop-Loss
11:11 - Using Pivot Points to Stay Out of Bad Trades
12:18 - How to Use a Pivot Point Calculator
13:45 - Pivot Point Indicator Demonstration
17:12 - Outro

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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.

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