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06.06.2021 Meet Price Action | |
Price Action is one of the most effective Forex trading strategies. Its uniqueness and profitability is confirmed by all traders who chose it. And this is not casual, because this strategy analyzes the price and patterns that it has formulated itself. And this price action in Forex allows not only assessing the behavior of market participants, but also determining the reaction that should be expected.  Price Action StrategyLet the Price Action strategy associate you, first of all, with the fact that it is the most effective way to predict the following:
The main task of all technical indicators is to give a buy or sell signal at the moment when the trend has already passed half the way. You probably already know the reason why this is happening. After all, the indicator signals are noticeably late! This means that if you rely only on the help of indicators, then at the moment of exiting a position, the indicator will again be late. And what will happen next? Then one of two things will happen. Or you can easily and simply let the trend come true and watch how your money seems to evaporate. Or, you prefer to predict price behavior using a price action and exit the position as soon as signals appear that indicate that a movement reversal in the opposite direction is possible. Of course, the second option is more pleasant for everyone. We would like to add that technical indicators are used by many traders. Do not misunderstand us, we do not discourage using them in any way. Technical indicators are truly helpers for many traders. We cannot deny this, our traders also use them in their trading. However, in order for trading with them to be profitable, you need to be not only careful, but also well know and understand all their strengths and weaknesses, as well as be aware of their limitations. And they are, yes. It is important to give an example: let's say that the market is in a flat, and you use Moving Average as an indicator. Signals from the moving MA will only mislead you. Traders who have already grasped the essence of the work of technical indicators, namely the one that informs: technical indicators give signals based on the behavior of the past price, began to get acquainted with Price Action without any doubts. Meet you too! We are confident that after getting acquainted with the price action, your trading will rise to a new level and become much more favorable, first of all, for you. How do I start learning?The study itself consists of 13 materials. A little, a lot. In the process of studying the behavior of prices in the market, you will receive many market responses. And the most important thing is that all received signals from Price Action fully correspond to the current price, not the past one.If you trade and rely only on the Price Action strategy, namely on the price behavior, then you can safely completely ignore the opinions of professional traders, important news in the world of the economy and any other important moments that, otherwise, would have a powerful influence on the Forex market, and therefore on your trading. If you learn to read signals, use Price Action, you will easily enter a trend, as well as exit the market in time. In order not to offend those who use technical indicators, we would like to remind you once again that we did not want to upset anyone. On the contrary. It is better to find out the advantages in time and use it in your trading. Technical indicators in the Price Action system will serve us only as assistants. Quite a lot of professional traders use not just one Price Action strategy in their trading, but also dilute it with additional technical indicators. Usually, there are no more than two of them. They do this in order to validate a decision based on price action. Try it too! Make sure that this is not just more convenient and efficient, but most importantly - profitable! Forex risk freeWe'd like to add a little more before you dive into Price Action in-depth! If you do in the same way as most traders, then your results will be like most, and this will lead to the disappointment of many market participants. For this reason, so that you do not get disappointed, we want to share with you: study price behavior in more depth than other traders, pay most of your attention to patterns. And only then, having learned all the secret nuances, transfer your knowledge and skills to a stronger level.Combine proven and reliable technical indicators, use them together with Price Action and get ready for shocking results, get more profit! What we wish you! Схожі матеріали: | |
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