Skip to main content

Posts

Showing posts from April, 2020

Importance of Price Action Trading in Forex

Forex Trading in price action is a method of financial market speculation which relies on analyzing the movement of basic prices over time. Anything which influences the market and makes it move, from news and economic data to major players such as hedge funds and banks, is expressed on a price chart by the raw price action. There’s a lot of ways traders can take advantage of market-price action. Various types of technical analysis such as Supply and Demand, indicators, support, fib retracement, etc. It can be used as a way to define changing price behavior. It helps FX traders in periods of heightened uncertainty to search for trading opportunities. A Market trader using price action strategies should aim to analyze the market in order to make informed trading decisions about current and probable price changes. The trader examines the relative size, shape, volume of the bars on a high-low open-close chart of bars or  candlesticks chart , beginning as easy as with a single ...