Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank You
Price Action Trading Is My Way Of Trading... And I Just Wanted To Share Some Information On This Great Trading Style Of Trading The Markets Using Past Historical Price Movement And Data
As A Price Action Trader It Is Crucial That You Learn To Read & Understand What The Candlesticks On The Chart In Front Of You Are Saying. You Need To Remember That The Market Leaves Clues And These Clues Are Somewhere Hidden In The Chaos / Confusion And Noise Of The Market...
Price Action Is A Form Of Technical Analysis... And It's Main Focus Is On The Relationship Of A Market's Current / Recent And Most Importantly Past Price Action / Price Movements
When It Comes To Price Action... The Candlesticks And Bars That Are Printed On The Charts Help To Play A Very Important Role In The Market And Also In Your Interpretation Of What Is On The Charts.
You Need To Also Remember That Second-Hand Indicators And Price-Derived Indicators Are Especially Not Needed When Trading With Price Action And Your Specific Price Action Trading Strategy. Think Of Those Printed Candlesticks On The Charts As First-Handed Market Data
Price Action Trading Analysis Gives The Trader The Opportunity To Make Sense Of What The Market's Price Movement Is Trying To Convey Through Patterns Or Price Action Signals And Price Action Setups... This Is Why When You Are Trading With Price Action... You Must Have A Proper Price Action Trading Strategy That Has Been Previously Tested And Approved...
There Are Many Many Price Action Strategies Out There... You Just Need To Pick One - Learn It - Study It - And Understand Its Function And Process, And Most Of All Master It. You Must Master Your Strategy... It Is Very Important That You So.
As A Price Action Trader... You Should Generally Be Concerned With The Last 3-6 Months Of The Market's Past Historical Price Action Data.
Last But Not Least... You Need To Remember That All Of The Price Action And Market Data That You See On A Chart Is A Result Of The Minds / Emotions And Attitudes Of Traders / Investors And Anyone Participating In The Everyday Cycle Of The Market And The Economy...
Hope You Enjoyed This Lesson... Please Stay Tuned For The Last And Final Part Of This Trading Lesson
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