Price action trading is an extremely popular trading approach in the trading world. Unlike other trading strategies, it focuses on naked charts and it doesn't give importance to complex indicators. Price action strategies are the best methods to identify the market structure if you know how to use them. It is the reflection of the "Simplicity is the ultimate sophistication"To truly comprehend price action, you must study previous events. Then, look at what's going on right now and predict where the market will go next. "All traders are forecasters, just like the weatherman," despite what you might think.
The weatherman is aware of the direction the wind is blowing from, the formation of high and low-pressure systems over the land, and the variation in temperature cold and hot front, you know what I'm referring to, right? What does he then do? He will say something along the lines of, "Tomorrow, the weather in Amsterdam will be mostly cloudy, with a slight chance of rain and possibly sunny in the afternoon."
How is he aware of that? Well, based on examining previous data and observing the current weather situation
Therefore, traders are like if we take the wrong path, we lose money; if we take the right path, we gain money. Simply stated. Therefore, everything you are going to learn here is about trying to get that direction right before you place that trade. You will see the power of price action by TrendlinesMoving AveragesFibonacci RetracementsCandlestick FormationsChannelsSupport and resistanceConfluenceAt the end of the course, you will be able Create your trading setups. Learn how to enter "high probability" trades Understand how to use a healthy Risk-Reward ratio Control your psychology Apply our step-by-step recipe Become a full-time forex or crypto trader like me (This requires time and experience)
Who this course is People who want to learn "Price Action Trading" strategies from A to ZPeople who want to trade with naked chartsPeople who know technical analysis but are unable to make sustainable profitsPeople who want to create passive income from tradingPeople who want to learn 'How to be in the top 1%' and 'The right approach of professionalsSo let's start today! No need to lose time!
Wow, this is an amazingly poorly written “book”. It contains a lot of basic information which you can obtain from any number of books except this one is written so poorly that I can only assume “Profit King” is as young and uneducated as his name would imply or that the author speaks English as a second language. The sheer volume of grammatical errors alone are enough to make reading this book nearly unbearable. Save yourself the time and money and get another trading book… ANY other trading book.