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Trading Price Action – It May Be the Only Forex Trading Strategy You Need

Trading Price Action – It May Be the Only Forex Trading Strategy You Need

What is trading price action and do you need yet another forex trading strategy in your repertoire?

Participating in the foreign exchange market today is one of the fastest ways to build wealth provided you have the right tools and mindset and the forex trading community is always developing new strategies and techniques to second guess the market. Because of this, new strategies are born everyday, each one even more complicated than before.

Before you know it, you’re having a headache looking at multiple charts and technical indicators at the same time while waiting for the perfect moment where all indicators point to a buy or sell signal. The problem with this is that not only do you get unduly stressed and worked up, you are not looking at the most important component of the chart, the price itself!

Do yourself a favour, ditch the indicators, lose the stress and start trading price action. All you need to learn is how to recognise price patterns, how to determine the trend as well as the support and resistance levels. No more Elliot Waves, MACD, RSI and all the other technical mumbo jumbo that requires an advanced degree in mathematics to understand.

Trading price action is one of the cleanest and most effective methods to succeed in online forex trading. Once you have mastered it, you can recognise by yourself without requiring any technical indicators the behaviour and movement of prices. Trading price action may be the only strategy you’ll ever require.

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