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$39.90 - $34.30
Forex Price Action Scalping provides a unique look into the field of professional scalping. Packed with countless charts, this extensive guide on intraday tactics takes the reader straight into the heart of short-term speculation. The book is written to accommodate all aspiring traders who aim to go professional and who want to prepare themselves as thoroughly as possible for the task ahead. Few books have been published, if any, that take the matter of scalping to such a fine and detailed level as does Forex Price Action Scalping. Hundreds of setups, entries and exits (all to the pip) and price action principles are discussed in full detail, along with the notorious issues on the psychological side of the job, as well as the highly important but often overlooked aspects of clever accounting. The book, counting 358 pages, opens up a wealth of information and shares insights and techniques that are simply invaluable to any scalper who is serious about his trading.
Product Name: Forex Price Action 5 – Super Easy Sales With Great Conversion Rate
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How and why to Forex prices move is basic knowledge that all Forex traders need to know to make money but its surprising how few traders really understand Forex price movement. In this article, we will look at the factors which cause prices to move and how you can benefit from these moves for big profits.
A simple formula for how and why Forex prices is the following:
Supply and Demand Fundamentals + Traders opinion of them = Price
The equation is nice and simple and the facts you need to keep firmly in mind are:
1. The supply and demand factors are NOT the reason prices move – traders opinions of them are.
2. When traders look at the facts, they're not logical, there decisions are colored by the emotions of greed and fear.
3. In conclusion, its traders who set the value of any price and there is not predictable in advance. Forex prices move to probabilities NOT certainty.
So all the traders who think they can trade news stories lose money and all the Forex robots and predictive systems which say Forex markets can be predicted in advance lose money. Today, we live in a world where science enriches our lives and merchants think they can apply science to the markets and win but they lose money, as the markets are governed by greed and fear and what traders do is simply not predictable in advance – so how can you make money?
The smart trader does not focus on trying to be perfect, he focuses on the odds and uses a simple system. Simple systems work…
A lot of people have this question in mind, what exactly is FOREX PRICE ACTION? And why is it KING IN FOREX?
To answer the above question, I start off with talking about indicators.
There are tons of indicators out there, be it or others eg. stock, options trading, etc. All of them work mostly the same way. And there are new indicators that coming out every other day.
A lot of traders when they first started trading , they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short. So what will he do ???
Which will result in you making bad decisions and end up blinking your account with a frustrated mind. Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.
However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!
FOREX Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.
This happens most of time, if not all of the time. Period.
Therefore = ALL INDICATORS ARE LAGGING INDICATORS! PRICE ACTION IS WHAT LEADS…
When considering trading the forex market it is important that you know what strategy you are going to employ before you start trading real money. Trading the forex market with price action strategies can be a very effective and efficient way to make your trading decisions. When you understand how forex price action works, you put yourself in the very powerful position of being able to accurately read a “naked” or indicator-free price chart. Having the knowledge to read a naked price forex chart will also give you the power to read price charts in any financial market, not just forex, should you decide to do so.
By using price action only setups to trade the forex market you will effectively be basing all of your trading decisions off of a simple and clear trading mindset because the simplicity of such setups will permeate throughout all of your trading activities. Many beginning and experienced forex traders alike get caught up with trying to trade overly-complicated trading systems that seem effective on the surface but in the end bring nothing but struggle, lost time, and lost money. If you are aware of this fact before you get to deep into forex trading you can prevent yourself from falling into this common trap of trying to use overly-complicated trading systems by employing a simple yet very effective strategy like forex price only trading.
Price action forex trading will provide you with high probability trade setups that can help you time your entries into the…
When you first start trading forex it can be quite daunting trying to figure out how you can actually come up with your own profitable trading method. However the best way is to study technical analysis, and more specifically to create a trading strategy that profits from one or more of the three most common forex price patterns.
The first of these price patterns is the initial breakout. When the price breaks out of an established trading range, it usually marks the beginning of a new trend, particularly on the longer time frames. So one way you can profit from this price pattern is to plot the high and low points of the current trading range and then wait for the price to break through one of these points before entering a position.
You may also like to use some kind of volatility indicator such as the ADX indicator, for instance, because when one of these indicators starts to rise, it means that there is some momentum behind the breakout. Therefore it’s well worth entering a trade in the same direction as the breakout.
Another forex price pattern that you may like to trade is the pull-back that almost inevitably occurs during a particular trend. It’s very rare for the price to move up or down in a straight line because in most cases there will be at least one pull-back where traders take some of their profits off the table.
The key is to wait and see if the trend continues after this period of profit taking is over. If it does you can simply jump on board and enter a position in the same direction as the initial price trend.
Finally the one other price pattern that can generate some decent profits is the price reversal that occurs at the end of a particular trend. This pattern is slightly harder to trade because you are speculating that the existing trend is actually over, which in many cases will turn out to be incorrect.
However you can increase your chances of being right by using a few technical indicators for guidance. For instance if the parabolic SAR and supertrend indicators switch from bullish to bearish, and a short term moving average crosses below a longer term moving average, for instance, then this is a high probability set-up because all the indicators confirm that a price reversal is under way.
So the point I want to get across is that whenever your are creating a trading strategy, you should always focus on one or more of these three price patterns because they all occur regularly throughout the day on a whole variety of different time frames.