Please forward is forex trading profitable error screen to 205. Most new traders think that the more complex a strategy is, the more profitable it will be. Trading Forex using price action is simple, stress free, and highly effective. In this guide I will share my simple Forex trading strategy with you.
While my Forex Trading Strategy is simple, do not let that simplicity fool you, it is very powerful strategy! My Forex trading strategy is based completely on price action, no indicators, no confusing techniques, just pure price action! When GBPUSD moves up it’s because there are more bulls than bears and vice versa. Price action trading is about analysing who currently controls price, bulls or bears and if they are likely to stay in control. How do you analyse who’s in control of price?
By using two simple price action techniques. Once price hits these areas you know it is likely to stall or reverse completely. This allows you to buy or sell at the right time. Advanced candlestick analysis goes much deeper than that so that you have a full understanding of what a chart is telling you.
These two techniques make up the core of my price action trading strategy. In fact, those are the only techniques I use to find and trade high probability setups. It’s simply about reading price and making smart trading decisions. It has survived major market changes from the financial crisis in 2008 to the Swiss Franc disaster in 2014, to Brexit in 2016. It really has seen it all. My price action strategy works in all market conditions.