What is Price action?

[shere1779]

A lot of people have this question in mind, what exactly is PRICE ACTION.
And why is PRICE ACTION KING IN FOREX?
To answer the above question, i start off with talking about indicators.
There are tons of indicators out there, be it forex or others. They work mostly the same way.
And there are new indicators coming out every other day.
Alot of traders when they first started trading forex, 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.
Which will result in you making bad decisions and end up blowing 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!
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.
Therefore = ALL INDICATORS ARE LAGGING INDICATORS!
PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!
By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.
WHY is the market moving up,
WHAT causes it to stop moving,
WHY is the market reversing
WHY is the market in consolidation
IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!
It is even easier than you reading an indicator.
And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.
To an Awesome Trading as Always,
Ezekiel Chew

[PapiaKhatunAsha]

Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical stock, commodity, or asset chart analyses. To know more about this, visit. https://freshforex.com/training/interactive/

[dangtrader]

Yeah price action is the patterns of supply and demand which repeat over time and which you can exploit. Naked price action is too hard for me I use it in conjunction with indicators.

[chin100]

Price action refers to the analysis of the movement and behavior of financial market prices, particularly in technical analysis. It focuses on studying the patterns, trends, and formations of price charts without relying on indicators or other external factors. Price action traders believe that the historical price movements of an asset provide valuable information about its future direction.

Price action analysis involves observing and interpreting key elements of a price chart, such as support and resistance levels, trend lines, candlestick patterns, and chart formations. Traders analyze how price reacts at these levels and use that information to make trading decisions.

By examining price action, traders aim to identify potential entry and exit points, assess market sentiment, and gauge the strength or weakness of a trend. This approach is based on the notion that price patterns repeat themselves and that human psychology plays a significant role in market behavior.

Price action trading requires a deep understanding of market dynamics, careful observation, and the ability to interpret price patterns effectively. It is a popular approach among technical traders who seek to make informed trading decisions based on price movements and chart analysis rather than relying solely on external indicators or news events.

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