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Make money using this advanced forex trading setup. I have used the "fakey" and price action trading setups with amazing results when traded with the current market momentum. I really love keeping it simple, and this trade setup, really is simple.
With Global forex markets crashing, there has been some amazing trading opportunities for those that follow price action signals. There have been a plethora of inside bars and pin bars to trade on the way down, its almost hard to envisage that traders may have lost any money at all if they simply stuck with shorts.
Remember, don't just play every pin bar, not all pin bars are created equal. The ones that have higher values are at swing lows or swing highs, and are formed on either heavy Support and Resistance (false breaks often occur). They also form at retrace levels or major EMA's.
Why Use Forex Price Action Analysis? - I have tried about every trading method you can imagine, and after all the frustration, time, and money that I wasted earlier in my career, I ended up realizing that the best way to trade any market is just by analyzing a 'naked' price chart. When I say 'naked price chart' I mean trading off the pure price movement or price action of the market; in other words, you are trading primarily off the natural price dynamics of a market and not off of indicators, robots or expert advisors.
This article will explore the argument of whether or not a person can actually learn to trade Forex from a trading mentor or coach. So the question is…can an aspiring trader be taught to trade Forex successfully or is it something that is more innate?
Best Price Action Forex Trading Strategies - In this Forex trading strategies lesson, I am going to share with you guys three of my all-time favorite price action trading strategies that you can use in Forex and other markets as well. Trading the Forex markets does not need to be technically complicated, by making use of simple price action patterns like the ones discusses below, we can trade from a clean price chart as well as a clean mindset.
Trading Price Action and Pin Bar Reversals in the Forex Market - Today I am presenting an introduction to what price action is, and will provide a basic price action pattern for traders to use in their trading.
Price Action Trading Strategy Tutorial - “What is Price Action?” is a question frequently asked by aspiring traders. Getting an answer like “Price action is the movement of price over time” or similar, leaves many beginning traders still feeling like they don’t quite understand exactly what price action is or how to trade with it.
Over the Recent Weekend, I sorted through my Free Videos From 2008 and 2009, and Posted a Selection of Previous Price Action Trade Setups and a Few Forex Strategies Tutorials which I find essential Viewing for all traders.
How to Become a Full-Time Forex Trader - Becoming a full-time or 'professional' Forex trader is something that almost every trader wants to achieve but that very few ever do. If you want to have a realistic chance at making a full-time living from the markets you are going to have approach your trading with a disciplined and patient mindset, that is perhaps the single most important piece of insight I can give you. Here are some other things you'll need to do if you want to make your living trading the markets:
Major Economic Events in Forex Trading - Economic indicators are closely watched in the investment world, their release can have an immediate and volatile effect on the forex market. There are three main types of indicators; leading, coincident, and lagging. Leading indicators are believed to change in advance of changes in the economy, which can give you some idea of what might happen before it actually occurs.
Forex Trading Is a Business - One of the biggest mistakes that many Forex traders make is that they don't treat their Forex trading like it's a business. Instead, they treat it like a trip to the casino, and many of them end up behaving like drunk gambling addicts instead of calm and calculating traders. If you want to succeed as a Forex trader, you have to think of it as a serious business, because it is