Tag Archives: action

Things you need to learn about price action trading

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There are many ways to trade the Forex market. The trading strategy greatly depends on a trader’s personality. Those who love to secure quick profit in the Forex market become scalpers. On the contrary, those who love to trade the market conservatively use the position trading strategy. But no matter which trading strategy you use, you should not make things complex by using too many indicators. Some of you might think the professional traders in Australia use EAs to trade the real market. But in reality, the pro-Aussie traders never rely on EAs or indicators. They use a simple price action trading approach to trade the real market.

What is a price action trading strategy?

If you install the trading platform, you can view the price movement of the financial instrument in the different time frames. Most of the time, the experienced traders loves to use the Japanese candlestick chart. …

Three simple technique to master price action trading strategy

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Price action trading strategy is widely popular among the retail traders. Starting from the professional ending with the expert traders, everyone prefers price action trading system due to its high level of reliability and simplicity. This system is based on the formations of the Japanese candlestick pattern and the professional traders use them to trade the key support and resistance level. Understanding all the complex price action signal is a very challenging task for the novice traders. It’s very easy to get confused and make a deadly mistake in live trading. But if you know the psychology behind the formation of each candlestick everything will become crystal clear to you.

Before you start learning the price action trading system, you have to gain clear knowledge about the support and resistance level. Support and resistance level are often considered as the most important element in currency trading. You can’t make any …