The Easiest Way to Learn Price Action Forex Trading
You will even double your account easily in less than 10 weeks as I always do by just spending 10 minutes daily. com to get this powerful Revolutionary Trading System and Stop Losing Money Now. A Forex (Foreign Exchange) price action trader does not use indicators to plan trades. He looks first at prices, and then will attempt to forecast the direction of the market as a result of current trends.
This means that it repeats itself and this can be seen in high odds chart set ups which can be traded for profit. You are not bothered about how prices move or why, you just want to profit when they do. On a forex chart, you are seeing the reality of price change and can execute your trading signal based upon what you see. With a bit of practice, you will soon be spotting and locking into long term trends and if you have learned the right forex education, you could soon be making big forex profits in around 30 minutes a day.
So what will he do - Which will result in you making bad decisions and end up blowing your account with a frustrated mind. Why does it happen this way Indicators are derived from the chart movements. Which is in fact Price Action - FOREX Price Action leads the indicators, and when price reverses it movement from short to long (example). And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.
I have trained my eyes so much that I can predict correctly what is going to happen next if my strategy conditions are met. Click Here to Get this powerful Revolutionary Trading System and Stop Losing Money Now. To most professional traders, someone trading without indicators is plain weird. Conversely, people who do not trade with indicators see those who do use indicators as also plain weird.
As a price of currency pair goes up and down, their indicators interpret what is happening and tells the trader if and when to buy or sell. In other words, instead of YOU looking at the market, and deciding for YOURSELF whether you should be buying or selling, you are putting all of your trading faith onto a set of indicators. You can try to learn to speak some Spanish, or just go to Spain and hope to run into people who speak English. Which choice do you think will lead you to have a better time in Spain I think the answer to that should be pretty obvious.
Support and resistance levels, on the other hand, can warn you in advance where you can expect the price to stop, or slow down. You will simply need to see if there is something unusual in price action when it approaches these levels. When you get more experience you can spot those important levels in a matter of seconds. Price Action forex Strategy