How to Learn Price Action Trading
Learn how to Trade with Price Action
If you want to get into price action trading, get ready for the ride of your life! Here's how to get started:
Start with the Essentials: Feel at home with candlestick charts. The information on support and resistance is necessary because it indicates the points where the price will probably stop or change its trend.
Learn to spot patterns. Most of the time, watch for some common price action patterns: pin bar, inside bar, and engulfing patterns. These will give you a glimpse of what the market does next.
Practice makes perfect. Open up a demo trading account and practice reading the market without using any indicators. It's all about how price behaves.
Stay Curious: Follow other traders, read books on price action, and watch video tutorials. The more you study, the better you'll get at picking up opportunities.
In time, with patience, and even practice, you will build the skills to make intelligent, informed trading decisions from price action!
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