Price Action Trading

Discussion in 'Forex - Currencies Forums' started by Alex007, Mar 22, 2020.

  1. Alex007

    Alex007 Senior Investor

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    Price action trading is a kind of technical analysis with no technical pointers. Price action analysis depends on the rule that price reflects everything and thusly price is believed to be the, and just pointer that traders require. In price action trading, price is of most outrageous centrality to the trader/analyst. It is an examination of price in association with the past price (or price history). In this way, price action is just an examination of how price changes. I trade forex with XeroMarkets broker as it is a regulated broker so I feel safe. I additionally like their trading platform as I can trade with no requote even in the surge hour.
     
  2. Brentwood

    Brentwood Senior Investor

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    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
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  3. Linda Smith

    Linda Smith Senior Investor

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    Forex trading is not a game. It has so much risk. Every trader should learn basic knowledge about forex before entering into the market. Lack of knowledge can put them into a big problem. knowledge about forex can be learned in many ways. But the best way of learning forex is to open a demo account. This can help him to get knowledge, by which he can at least make a profit slowly. When I was new in this market, I gathered knowledge by opening a demo account in TP Global FX. It helps me to know about forex, about trading. I also know what is good for me and what is not. I am still trading with them. They are really helpful.
     
  4. Lindsey J. Crosby

    Lindsey J. Crosby Member

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    I use price action to find an entry. If my strategy permits me to open a trade, then I open trade. I never try to force me to open a trade. It takes maximum 5 minutes to take the decision. If I can't make a decision in 5 minutes I do not open trade. I place both stop loss and take profit and check everyday one or two times. If I see anything wrong I manually close the trade. I trade at Eurotrader broker. I am happy with their low spreads and no requote.
     
  5. Helen Epperly

    Helen Epperly Member

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    Both support and resistance are useful as part of overall forex trading strategy in understanding potential market entry and exit points. There are many tools available to identify the key support and resistance lines in FX market. traders can utilize indicators such as MACD, RSI, Bollinger Bands, add their own indicators, or use drawing tools to define the key market levels. Eurotrader’s MT4 platform have all kind of essential indicator.
     
  6. Lisa Maria

    Lisa Maria Senior Investor

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    In the Forex market, two kinds of Forex brokers are available and one is dealing desk where another is no – dealing desk. Probably the no- dealing desk broker is best because this type of broker helps their clients of trading without any re-quoting problem. I am very lucky by choosing one of the non-dealing desk brokers named Tpglobalfx. In their trading platform, I have the fastest trade execution facility without any re-quote.
     

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