The Concept Behind Peter Bain's Trading System

The foundation of this trading system is simple and dispenses with lagging indicators. It is based on commercial support and resistance levels (Pivot Points).
Institutions use these "pivot levels" as points of reference to predict imiment price reversals. This Forex trading system uses mathematical forumlas to calculate these levels.

Why Are Pivot points So Important?

These points are extremely important because when the price of a currency pair trades near these levels, professional forex traders & automated trading systems will automatically kick in to buy or sell the currency. This causes very predictable price movement for you to exploit.

Volatile currency price flucutations are usually initiated by external forces such as global geo-political events, world news, monetary policies, economic reports, etc. As a currency trader, you should not be concerned about what caused these movements. As a trader your only concern and interest should be in profitting from the aftermath volatility as a result of these global fundamental events.
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