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Monday, August 21, 2017

Price Action Forex Trading Strategy



Price Action Forex Trading Strategy
Forex Price Action – What is it? How Do You Master Price Action? Why is king in Forex Trading?

Many people have this question in mind, what exactly Forex PRICE ACTION? And why is it KING IN Forex ?

To answer the question above, I start talking indicators. There are tons of indicators out there, either Forex or other such. stocks, options trading, etc. They all work mostly in the same way. And there are new indicators that come out every day.

Many traders when they started trading Forex , they have tons of indicators on their charts. Try different combination of what works best for them. And at the end of the day, they blend around like a flag can be tell you to go long, but the other tells you to go short. So what will he ??

This will mean you take wrong decisions and end up blowing your account with a frustrated mind. Why is it this way? Indicators are derived from movements of the table. Some indicators react faster, some slower.
Price Action Forex Trading Strategy

However, as they are derived from the movements of the table. They are one step slower than the chart. This is actually the price Action!

Forex Price Action leading indicators, and when the price reverses the long-short movement (for example). The indicator you look is not too late. And when the indicator confirms that it is short, the share price has taken the market to go long. This happens most of the time if not all the time. Period.

INDICATORS Therefore = All indicators are lagging! PRICE ACTION IS WHAT LEADS INDICATOR IS IT KING IN Forex !

Understanding price action Forex trading, we are able to understand the whole picture of the market.
Why is the market moving upwards,
Why the market is down,
What causes to stop moving,
Why is the inversion market
Why is the market consolidation
It is like reading a book once you have mastered in Forex . And the best thing is, it’s not difficult!


Four ways to learn online Forex

Forex (or exchange) trading has small independent investors with excellent opportunity to make money. However, before you dive into this type of investment, it is important to learn as much about forex market as possible. Fortunately, there are many ways to learn Forex line .
Price Action Forex Trading Strategy


  • Learn the jargon

Like any specialized field, forex market is full of terms and jargon that may be difficult for a beginner to understand. Learning these terms you put in a certain advantage. You can simply go to a search engine and type ” Forex terms” in the search box. Once you find a good list of terms, spend some time familiarizing yourself with the familiar jargon.


  • Free Online Courses

There are many free line courses designed to teach you the ins and outs of forex currency trading. Taking one of these courses will definitely be worth your time. Again, look for a free course, you can go to your favorite search engine and type “free line Forex course “in the search bar. Or you can go to a forum attended by investors and ask if anyone knows of any good, free courses that you should try. 
Price Action Forex Trading Strategy

  • Learn from professional

There are many professionals with years of experience in forex trading, which offer their educational services line . the disadvantage of these courses is that they are usually not free. But the upside is that taking such a course is almost like having a personal tutor, or mentor who will be there to answer all your questions, and help clear anything you find confusing.
Again, probably the best way to find a good, reputable expert to teach you the forex market is to ask around. Others who were once in the same boat as you are now will be happy to help steer you in the right direction.

  • Sign up for a free account

Once you have started to learn about Forex trading (either on your own or with the help of a “teacher” professional), you’ll want to put your knowledge to the test, but without financial risk. There are many websites where you can register for a free demo or trial account. For about 30 days, in most cases, you can actually try your hand Forex free trading. These demo accounts will not only let you know if you are willing to risk your money on the real thing, they’ll also help you gain practical experience.
Like many other business opportunities, there is no way you can achieve something without putting in your efforts. Forex trading opens a world of possibilities for many of us, but you really need to provide sufficient knowledge. Read Forex line could be an effective way leading to your success both in terms of time and cost.


Source/reference: ForexHomebusiness.com