Let's be honest, you cannot stay round the clock looking at your charts. Sooner or later you will have to step away from your screen. And at this moment the market might move against you and eat your whole capital in one transaction. How to protect yourself and your investment?

Have you ever noticed how the market behaves during major news releases? It’s just a nuthouse. You cannot for sure predict the future direction of a price. And you can never tell whether it will change a trend during the next couple of seconds, or not. You will probably suffer severe losses without a well-functioning risk management system and especially without successful trading experience in a highly volatile market.

Determining key price levels and putting this information into action is the most important thing in technical analysis. Today we’ll talk about the main types of price levels, see how to find them and use in trading.