Forex: The Ultimate Guide To Price Action Trading

• Category: Business
• ISBN: N/A
• Views: 30
• Posted on: 10/09/2021 16:58

To really understand price action means you need to study what happened in the past. Then observe what is happening in the present and then predict where the market will go next.

“Regardless of what you may think, all traders are forecasters, just like the weatherman.”

The weatherman knows where the wind is blowing from, sees the high and low pressure systems forming over the land, knows the temperature variation, cold front, hot front…you know what I’m talking about, right? Then what does he do? He will say something like “tomorrow, the weather in Edinburg will be mostly cloudy, slight chance of shower and possibly sunny in the afternoon.”

Well, from studying the past data and seeing what the current weather situation is at the moment (and these days, their prediction is more reliable due to advanced computer models and weather satellites in space).

If we get the direction wrong, we lose money, we get it right, we make money. Simple as that. So everything you are going to read and learn here is about knowing the right directions before you place a trade.

To get started, get a copy and look inside.