Price Action based Trading Strategy

Price Action Trading Strategies

Are you aware that price action trading strategies are one of the most widely used tools in the stock market today? Whether you’re a short-term or long-term trader, analyzing a security’s price can be one of the easiest, but also the most effective, ways to gain a market edge. Price action is the key to a successful technical analysis it is based on something essential in trading: The price. Many traders forget the price is the best technical indicators for day and positional trading strategy. Trading for market activity involves basing the trading decisions on an asset’s price fluctuations. You will not use metrics or other analysis tools, but if you do, in the trading decision process, you will give them very little importance. A market action trader argues that the market itself provides the sole valid source of information. … Read more