FOREX_GT INTRODUCTION TO PRICE ACTION (PDF)
Hello There
Welcome to this Blogpost and new strategy
Price action is one of the most powerful technical trading systems in history. Price action is the trading method that is going to finally take your trading to where it should be, consistent, profitable, easy and requires very little time and effort. This trading system is based on market cycle patterns and momentum. All that you have to do is to spend as much time as you can to master the method that l'm going to share with you and use it to trade any financial market.
Price action is one of the most profitable strategies out there, (Not drawing Trendlines) Price action is noting the action of price over a certain period of time not just following indicators (not saying they don't work, coz they do) but following price action allows high reward, low risk trades because we have to note that Price Never lie, unlike indicators which may in one way be cheated by price.
Learning forex trading is like learning a new language and behavioral discipline. Imagine you got a book which is written in a foreign language, you look at the pages, but you get nothing from what is written. The same thing when it comes to financial markets. If you don’t know how to read the charts, you will never be able to trade the market. If you get the skill of reading charts, you will understand what the market is telling you, and you will be able to make the right decision at the right time. Learning the principles of market psychology underlying price action will change your overall trading approach forever.
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As with every strategy that we post here, PLEASE, PLEASE do practice this in a demo account and be consistent in the demo using the strategy, don't just go on the rampage saying I now know this strategy without making the actual money from trading. Make sure you practice the strategy before trading your real money.
Follow this and more on our blog and other sources of information. Wishing you great success in your trading journey.
Peace out :)
Disclaimer:
THIS PDF AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS, OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.
