The barriers to financial trading have been falling. With discount brokers and improved market access through the Internet. There are more independent traders now than ever before. And together with it, a market approach rapidly rising in popularity is price action trading. Studying price action is illuminating. However, many myths and misconceptions have emerged about […]
Price Action Trading Primer
New to price action trading? This primer will introduce you to this fascinating analytical approach. Besides gaining a crystal clear overview, you’ll also find links to many resources to bring you to the next level. Primer Overview This list shows the topics we will cover in this primer. Definition of Price Action Trading Origin of […]
The Best Day Trading Strategy For Beginners
What is the best day trading strategy for beginners? If you are expecting a silver bullet, you might be disappointed. But if you’re willing to read on, you might just learn how to find and evaluate the best trading strategy for you as someone new to trading. So what is the best trading strategy for […]
5 Skills All Price Action Traders Must Have In Their Trading Toolbox
There’s no professional qualification or academic courses for price action trading. Yet, you’re expected to know what’s going on in a market with just one input: price. Not only that, you must have a plan to trade your interpretation of price action. Price action is simple, but being a price action trader is tough. Memorizing […]
How To Find and Profit From Trapped Traders
One of the best ways to time your market entry is to locate trapped traders. When these traders realize they are wrong, they will try to get out of the market and reverse their positions. In doing so, they offer us an advantage in our entry timing. An example is the Hikkake pattern, which takes […]
3 Practical Day Trading Indicators
With the dozens of trading indicators out there, it is a Herculean task to read and learn about them one by one. It’s more efficient to go ahead and get started with chart analysis using a few simple but practical indicators. After grasping the basic concepts and indicators, you can easily pick up more indicators […]
