Price action basics. Part 6 - Page 76
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Thread: Price action basics. Part 6

  1. #751
    Trader
    Join Date
    Jun 2017
    Posts
    6,612
    Price action is very good and helpful trading strategy and its tell traders about the possible reversal points. I think traders are first learn about the support and resistance levels because you are use these levels in your trading while you are follow the support and resistance levels trading strategy. This is highly accuracy trading strategy and if you are follow it then you will definitely earn good profit on your trading.

  2. #752
    Although price actions are quite profitable when you trade them on the larger time frames, however understanding market at this level of depth will not only increase your odds of winning trades or profitability in this market but will help you to understand price better since its often said that price reveals everything in the forex market and knowing smart stuffs like this improves how much of what price is showing that you will understand.

  3. #753
    Quote Originally Posted by Obaforex View Post
    Although price actions are quite profitable when you trade them on the larger time frames, however understanding market at this level of depth will not only increase your odds of winning trades or profitability in this market but will help you to understand price better since its often said that price reveals everything in the forex market and knowing smart stuffs like this improves how much of what price is showing that you will understand.
    actually if we can master our strategy in price action then we can understand what's market up to now and we can do almost anything we want with the profits. yet there's also minor chance we'll make the wrong trades but then the percentage will become smaller as long as we keep learning and understand market through our price action strategy.

  4. #754
    Quick changing market conditions, high instability, and leverage can make Forex trading a high-risk movement. You can make gigantic returns in the FX market, yet these sorts of returns don't come without risks, particularly when utilizing leverage. Along these lines, in the event that you can't deal with losing each dollar in your account, Forex trading won't fit your focus on risk/reward.

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