Price Action Trading Course

BUT FIRST, WHAT IS PRICE ACTION TRADING

Price action trading is basing trading decisions on the price movements of an asset. Indicators or other methods of analysis are not used, or given very little weight in the trading decision process. A price action trader believes that the only true source of information is the price itself. If a stock is going up, that tells the price action trader that people are buying. The trader will then assess, based on how aggressive the buying is, whether it is likely to continue. Price action traders don’t typically concern themselves with “why” something is happen.

Using historical charts and real-time price information the price action trader looks for a favorable entry point. A favorable entry point is one that allows risk to be controlled, but that also offers a potential profit.

Price Action Algo

This expert advisor is perfect for traders that follow price action strategies especially when a price breaks out of a range. The algorithm uses multiple entries each with a stop loss, trailing stop and take profit and users can therefore create the most sophisticated money management settings. Users are able to adjust number of entries, stop losses, take profits, trailing stops, lot size, accumulators which makes this EA a very very suitable for manual traders who recognize the problems of trading in multiple pairs when markets are moving rapidly with a high volatility. Even whilst trading you are able to adjust settings. Iforexrobot will constantly monitor the settings and inform users about improvements.

This indicator is a great tool for manual traders that fancy the price action trading method and also works great during news events.

We offer this indicator including a full price action training course for free in combination with a partner broker account. For more information click here

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What is price action trading?

Price action trading is based on trading decisions on the price movements of a currency pair. Indicators or other methods of analysis are usually not used, or given very little weight in the trading decision process.

A price action trader believes that the only true source of information is the price itself. If a  currency is going up, that tells the price action trader that people are buying. The trader will then assess, based on how aggressive (volatile) the buying is, whether it is likely to continue. Price action traders are hardly ever  concerned with  “why” something is happen.

Using historical charts and real-time price information (such as bids, offers, volume, velocity and magnitude) the price action trader looks for a favorable entry point.

A favorable entry point is one that allows risk to be controlled, but that also offers a potential profit.

There are many price action strategies. A very common price action strategy is called a breakout. When the price of a currency pair has been moving with a certain tendency, when it breaks that tendency it alerts traders to a new possible trading opportunity.

A breakout doesn’t mean the price will continue in the anticipated direction, often it doesn’t. This is called a false breakout, and also presents a trading opportunity in the opposite direction of the breakout.

Once you know a price action strategy there is little research time required. You find an asset with the specific price conditions you need, or you wait for those conditions to develop. Another benefit is that you often get more favorable entries and exits compared to many indicator based methods. The reason is that indicators are based on price, but lag behind it. By simply focusing on price you get the information in real-time, instead of waiting for a lagging indicator to give you information.

For more information about price action trading, please contact us.