As forex traders, we have the challenging task of trading to make profit from the price moves in the market. This entails finding the where (price), when (timing), and the direction (trend). Most traders end up searching the savannah of trading systems adding tons of indicators on the charts that end up looking like an italian spaghetti food fight amongst 5 year olds.
What is interesting is that the answers to these three things we have to find as forex traders (where, when and direction) are all written in the price action. With that being said, we should answer the question of what price action is.
What is Price Action?
Price Action is simply the movement of price over time. …... Keep reading