The Easy Way To Learn Price Action Forex
If you have been learning about trading the currency markets for any time, I’m sure you’ve heard the phrase, “Price action is king”. Of all the ways to trade Forex, price action trading gets the most respect. And of all the traders I’ve studied, the most successful ones all use some form of price action in their trading (even if they use an indicator or two as well).
What exactly is price action forex trading?
Basically, price action is the movement of price on your charts over a certain time period. In the simplest form, traders look for price patterns that repeat time and again, giving them a strong insite into what might happen in the future. A more advanced way to look at it is price action is a “reading” of the state of mind of the big traders moving the market… which gives price action traders an insight into which direction the market will move in.
To find out more about price action Forex trading go to: PriceActionForexTrader.com
The easiest way to learn price action Forex trading?
You could look at the charts and try to discover these price patterns and try to analyze the movement of price for clues as the the big traders intentions… but I fear this will be a very long road. As with any other skill worth learning, the easiest way to learn is to “stand on the shoulders of giants”. This means you should find already successful Forex traders using price action trading methods (and ones that are willing to teach you)… and learn from them.
Is books, videos or webinars the best way to learn price action trading?
Once you find a price action trader you want to learn from, it is very important to make sure the way they teach is the best way for you to learn.
- In my opinion, price action trading is hard to learn from just a book.
- Videos are better because you can see what is going on and get a feel for how trading is in real life… and not just a perfect example in a book.
- Webinars are also a very good way to learn because you can ask your mentor questions (but it can be distracting with all the other traders there with different backgrounds and experience levels).
The fact is… price action Forex trading is worth the time it takes to learn it. Understanding price movement, and the underlying emotions of the traders moving the markets, gives you and edge over other traders. And when trading Forex, having an edge can mean the difference between being a very successful trader and losing money.
I’ve created a Price Actio Trader EVALUATION to help you figure out the best price action trading resource for YOU. This can help you pinpoint the best price action Forex trader to learn from. It is completely free, and you’ll get your analysis after you answer a couple of simple questions.