Price action trading strategy

[marym]

Price action trading is a popular trading strategy that involves analyzing and interpreting the movements of price on a chart, rather than relying on indicators or other technical analysis tools. Price action traders believe that price movements are the most important factor in determining market direction and that by understanding these movements, they can make more accurate trading decisions.
One of the key principles of price action trading is that historical price movements can provide insight into future price movements. Traders look for patterns and trends in the price action that can help them predict future market direction. They may also use support and resistance levels, trend lines, and other charting tools to help them identify potential entry and exit points.
Price action traders also pay close attention to market psychology and sentiment. They believe that the behavior of other traders can impact market direction and that by understanding the emotions and motivations of other traders, they can make better trading decisions. For example, if a market is heavily shorted, a price action trader might look for opportunities to go long, anticipating that the market may soon reverse course.
Overall, price action trading requires a deep understanding of market dynamics and a willingness to make decisions based on limited information. While it can be a challenging strategy to master, many traders find that it offers a unique perspective on the market and can be very profitable when executed correctly.

 

[Asahi]

For better price action trading, traders should have better technical knowledge and candlestick analysis knowledge. The present situation is not going well as the market is saturated with several scam brokers. So, whenever you need to select a broker, you should prefer ECN trading brokers. I know Eurotarder to be an ECN standard regulated broker.

 

[Ivo Zetticci]

Take lessons from your mistakes. But traders mostly mistake in adorning this money management policy due to their ignorance in this field. With Eurotrader broker, traders can easily maintain money management policy.