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 …