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Price Action Trading Is The Best Way To Make Money

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The forex price action trader will use no indicators but just a study of the price in his trading charts to decide on the next line of action. While we base our trading methods on the charts price action by looking at moving averages, momentum and volatility, we get a much deeper insight into the chances of a trading signal being a good set up or one we should pass by. Having said this, indicators in our view are backup tools and market timing should come from the chart and finally, you should only use a few indicators not a strategy crammed full of them.
Victor doesn’t give you trading strategy to use in the book, (he does give some setups) but he does teach about why certain things in the market happen they way they do. Plus, if you’ve wanted to begin learning about the fundamental side of trading, I definitely suggest reading this book, as Victor spends some time explaining fundamentals in a simple way that every trader can easily understand.

After the style of Brooks, 8 the price action trader will place the initial stop order 1 tick below the bar that gave the entry signal (if going long – or 1 tick above if going short) and if the market moves as expected, moves the stop order up to one tick below the entry bar, once the entry bar has closed and with further favourable movement, will seek to move the stop order up further to the same level as the entry, i.e. break-even.
For those of you wanting to learn advanced price action, make sure to check out my price action course where you learn rule-based systems to Forex Price Action Trading trade the forex market using high-probability setups backed by quantitative price action data using simple to learn price action strategies.

If you are a struggling trader that was searching the internet for information to make money in the Forex market, and still haven’t succeeded making a great return in profits every single month, you would have probably be doing that for the next decade.
I will daily you how to read the natural price dynamics of a price chart and how to find high-probability entry points within it. You will develop a discretionary trading sense that will allow forex to trade for yourself forever; this is a skill that you can carry with you to not only Forex but to any market.
It is important to understand, that although those traditional technical analysis indicators are helpful, all of those indicators are considered to be « lagging indicators. » A lagging indicator appears only after the price pattern has changed or a new trend has already been set.

The price action trader looks instead for a bear trend bar to form in the trend, and when followed by a bar with a lower high but a bullish close, takes this as the first leg of a pull-back and is thus already looking for the appearance of the H2 signal bar.
Here are a couple of very simple price action trading systems which will make long term profits and the first one is a trading system which will produce more profits than just about any other price action trading system and is loved by true professional traders it’s Richard Donchian’s 4 Week Rule.

You can explore this method of trading which it is a quick and easy strategy to learn and apply but be warned – you will need to practice a lot, get a feel for the chart and be very flexible in terms of your trading technique but if you can do this, you can enjoy long term currency trading success by trading price action price set ups.
A market will change forex time, and price a price action trader, you have the ability to change strategies adapt with it. I would like to extend my personal thanks to each and everyone one of action who free price and the way through this Forex introduction course.

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