Is Price Action Enough In Forex Trading

[moonchild]

Price action is the most used buzzword in forex, your mentor tells you about it, your favorite trading forum has a sticky post about it, your trader friends tells you that it is the best thing to ever happened to him after Jollof rice, but you still do not get the hang of it, it is still complex to you and you often wonder if that is all it is to forex trading, I am going to tell you all you need to know about it in 200 words or less.

Price action is definitely the holy grail in trading, it let's you to silence the noise and pay attention to what is in front of you, THE PRICE, without distraction, it allows you to see how the candles are formed and what they mean, it allows you to make quality decisions that will change your trading completely, price action is that skill that you need to be a successful trader.

Price action is the study of price and how it moves in the market devoid of indicators, Nial Fuller's book is your go to guide to this amazing skill, you'd have to practise a bit before replicating it in your real account.

 

[Asahi]

Avoiding a big amount of leverage is essential for traders because it accelerates the trading risk. Lowering leverage means lowering lot size and it falls into the jurisdiction of risk management strategy. Eurotrader offers decent amount of leverage to traders.