What is Price action?

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  1. #1
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    Default What is Price action?

    What is Price action?
    A lot of people have this question in mind, what exactly is PRICE ACTION.
    And why is PRICE ACTION KING IN FOREX?
    To answer the above question, i start off with talking about indicators.
    There are tons of indicators out there, be it forex or others. They work mostly the same way.
    And there are new indicators coming out every other day.
    Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.
    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. Some indicators react faster, some slower.
    However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!
    Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.
    This happens most of time, if not all of the time.
    Therefore = ALL INDICATORS ARE LAGGING INDICATORS!
    PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!
    By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.
    WHY is the market moving up,
    WHAT causes it to stop moving,
    WHY is the market reversing
    WHY is the market in consolidation
    IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!
    It is even easier than you reading an indicator.
    And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.
    To an Awesome Trading as Always,
    Ezekiel Chew
    Asia Forex Mentor Price Action Forex Course|Free Forex Trading Strategies | System
    Asia Forex Mentor's forex course is now FREE!

    A complete professional forex trading system that even newbies can apply instantly.

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    Smart work and hard work both are hardly needed to get the best result from your Forex business. Day by day as a highly profitable business Forex market is getting very challenging. Every trader should be professional in their career. I am working with TP Global FX trading platform because they are very active with their overall service systems. Their professional and expert guideline always help me in taking right decision all the time.

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    To become a successful trader, a new trader needs to learn basics of forex market. Trading is not an easy task, we all know that. When I started my trading career, I had no knowledge about forex. I learn the basics by creating a demo account of Forex4you. They are really good for new trader. Their techniques and trading policy is very easy. My advice to the new traders is if they want to become a successful trader they need to know all the techniques of trading and a demo account can help them on that.

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    Price action can be pretty useful, but I, personally, prefer to use at least some indicators.

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    in ro ham eslah kon:
    Quote Originally Posted by jvoron View Post
    Price action can be pretty useful, but I, personally, prefer to use at least some indicators.
    I also combine RSI and MACD with price action on Hotforex because naked price action is overly simplistic hard to be unbiased.

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