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Tape Reading Trading Strategy: A Complete Trader’s Guide

14 October 2022

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FAQs

To read the tape means to implement a certain trading strategy. Tape reading can be seen as a combination of factors. Some of them include but are not limited to asset price, trading volume, ask/bid size, ask/bid price, and others. Modern tape readers use this technique to get a clearer understanding of the market situation, determine the support and resistance levels, find out the best time to exit the trade, and more.

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