Price Action Trading
Price Action Trading is the reading of the story behind every movement of price on a chart, without fancy indicators or sophisticated calculations. It is almost like looking at the pattern of price directly, taking it as the "body language" of the market as pin bars, inside bars, and those important points of support and resistance suggest where the price may most likely turn or continue trending.
What is so nice about this approach is its simplicity. Focusing on these easy patterns helps the trader catch signals about entering or exiting trades without piling on too many tools. It is a feeling of getting a read of the market, understanding where people are buying or selling, and using that to make smart moves.
Now the demo account is fantastic when it's first applied: you don't have to know everything beforehand, the idea being that you apply with a few basic patterns and then work your way through gradually with the demo account and some patience applied. With time, when you are comfortable enough to read price movements, spotting opportunities becomes organic. The better one gets to read prices moving, they get to be an impressive trader in the overall aspect of the craft of the price action trading, probably the most rewarding way you make a connection with a market.
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Italiano
Russian
Romaian