Trading forex price action only


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How it works in the forex trading signals area is that I will post the forex trading signals that may happen during the week giving your the charts and trading setups and how you can trade them.

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Price Action - Learning it by Trading The Forex Market

If you learn to read and understand the language of price action , there is no need for fancy indicators. You will soon learn to trade profitably using nothing more than a single, uncluttered chart.

But here’s the thing…if your losses are small but your profits are large, you will always be in be out in front. That’s why trading risk management is important.

For this reason, I 8767 ve written a price action trading course. And yes, its not going to cost you anything it is absolutely free.

It’s worth pointing out how in the indicator-laden chart you actually have to give up some room on the chart to have the indicators at the bottom, this forces you to make the . part of the chart smaller, and it also draws your attention away from the natural . and onto the indicators. So, not only do you have less screen area to view the ., but your focus is not totally on the price action of the market like it should be.

What you need is to start with are basic Forex trading strategies and work your way up from there. These are really easy forex trading strategies.

But with sideways/horizontal channels, you can actually start trading the setup at point #7 which can be both a resistance or support level based on the fact that a prior resistance or support level is already visible and you should expect price to bounce from those levels. Look for reversal candlesticks to buy or sell when you see such setups happening.

So how exactly do we trade Forex with price action? It really boils down to learning to trade . setups or patterns from confluent levels in the market. Now, if that sounds new or confusing to you right now, sit tight and I will clarify it soon. First we need to cover a couple more things:

I like simple black and white charts the best, as you can see below. In metatrader9 you simply right click on the chart and adjust the “properties” of the chart to get it looking like mine below. If you want more info on how to setup your MT9 trading platform checkout this metatrader 9 tutorial.


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