What Is Price Action Strategy In Forex Trading

Trading without a use of any indicator was use to described a trading system that was based on a price action. Most often traders were just using the chart to look for an entry and exit points, Without any other indicators. There are some who are using trendlines or channels to identify if the trend was changing or not. Some traders can even identify where the trend was heading by simply looking at the chart. Its a skill acquired after so many practice.

Why we should choose trading without any indicator?
We can easily see what was the movement of market when we removed all the indicators on our graph. Instead of matching several different indicators to give us a signal, we can rely on the price action we see on the graph. Currency was moving with a pattern and we can only realize that after we focus our eyes and removed all the indicators blocking our sight.

Is it hard to understand Price Action Strategy?
Absolutely no, It was just like knowing the pattern of movements of your currency. In our daily life, we have usual pattern that we do over and over again. From the day we wake up, we are doing the same over and over again, think of your boss, what does he usually do after he sits on the desk? It was like price action, it has a behavior that keeps doing over and over again.

What qualities should i have to be able to understand Price Action Strategy?
The number one qualification is we should have common sense, and because it was termed common sense, i know everybody can use Price action.

Understanding price action requires practice and perseverance. we must practice looking at our chart to see and understand how it moves.

Price action was driven by people, and people have behavior which they are doing over and over again.

Happy Trading!

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