If you like to know what is happening behind the scenes the the key is to develop a unique trading method. Don't look at candles or any other fibos on your screen as just red and green pictures and patterns as they are the expression of supply and demand. Understanding true concepts will make all the difference in your Forex trading career. It will give you the ability to trade based on what the market is expressing through Price action. This resource can be useful to shift through the mountain of news and information that is produced every day and trade what you really see on the charts.
What Really Price Action Is
"What is Price Action?" is a question frequently asked by aspiring traders. This Post attempts to explain that there are no secrets when it comes to exploring the foot print of exchange rates across a chart. Nevertheless price action is more than just swing highs and swing lows. Rest assured this Post will not leave you in the dark and conclude some ever changing decisions that You need to make In you Forex Trading Techniques.
It’s easy to brush support and resistance analysis off as not important. Although obvious, this concept is rather abstract and requires some practice to be effectively used. Understanding a concept from a theoretical point of view is not synonymous with having integrated it into the practice. This section breaks down the dynamics of price action, and with the help of lots of charts, you will thoroughly understand this concept and learn how to trade with it. This new knowledge will make you see the charts with a new sense of objectivity and trade in a much more relaxed and proactive manner.
To be continued......
