AI Hub 11 December 2023 What Is the Technique for Trading Forex by Applying Position Maps? Forex trading is a highly lucrative yet risky venture. It requires both technical and fundamental analysis to be successful in the long run. One of the most important techniques used by professional traders is position mapping, which helps them make informed decisions based on market trends and macroeconomic conditions. Position mapping is a method of analyzing forex markets by plotting points on a chart that represent the open, high, low, and close prices for each currency pair over a certain period of time. This technique allows traders to identify key support and resistance levels to better predict future price movements. It also provides an insight into the overall sentiment of the market at any given time, allowing traders to adjust their strategies accordingly. The main advantage of position mapping is...