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Price action is the key to professionally and successfully trade Forex

It seems like anybody starting out on this exciting business, Forex usually scour the internet for explanations on how to use indicators such as stochastics, MACD, moving averages and others.

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قديم 16-07-2012, 06:53 AM
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تاريخ التسجيل: Sun Sep 2011
المشاركات: 6,939
افتراضي Price action is the key to professionally and successfully trade Forex

Price action is the key to professionally and successfully trade Forex

It seems like anybody starting out on this exciting business, Forex
usually scour the internet for explanations on how to use indicators
such as stochastics, MACD, moving averages and others. Then they cover
their charts with as many of these lagging indicators that will fit.
Thats exactly my first trap for almost a year and a half, with
absolutely no remarkable results. Untill I stumbled on a very
different way to appraoch trading. Price action movement is the last
step and the finest way to trade currency That i found out and finally
settled on. Trading Forex using price action usually isn't something
that springs to most newbies' minds. A lot of it has to do with the
fact that most traders feel that they can't decipher which direction
the market is moving without these indicators.

Price action is the best and most sophiticated way to trade currency,
its a less used method by the majority of forex traders who most of
the time lose money and widely used by the elite and the minority that
includes hedge fund managers, experts, central banks and professional
traders. So this article is an attempt by me to shed light on one of
the best methods that most newbies to forex ignore and they keep
depending on trading with textbook indicators that lag behind the
price.
Also for anybody interested to learn how to trade currency with the help of the most powerful price action strategies and techniques, there is a very valuable and inclusive collection of courses about price action, you can check it out at this same forum in the section dedicated for T2W classifieds wanted and for sale, when you scroll down the forum and the thread is called a collection of the best advanced forex price action courses, materials and resources.


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