price action trading

The 9 Price Action Secrets You Should Know By Heart

Salvatore Spaeth Strategies Leave a Comment

Trading using Prtice Action alone is touted by many as an easily learned path to trading success; that it is easy to learn, and is all you need to book a succession of winning trades and be profitable.

Like all absolutist myths like this, there are seeds of truth that give the appearance of a valid statement, but as always there is a bit more to it.

As Rolf Schlotmann of Tradeciety has written in his article, text book price action patterns are rare.

 

Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure. In this 9 Price Action Secrets Every Trader Should Know About

image courtesy of tradeciety.com

If all the information is reflected in the price then when the candlesticks change in the appearance, and they start behaving differently, it would indicate that something has changed and you should be ready.

Just like the most important person in your like, the more you know about them the more you understand their personality and have the chance of a successful relationship.

Price Action is a deep and fascinating partner, with many moods and personality traits. Get to know then well and success is near.

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