Price Action Definition

1
Price Action Definition

• Presented byThe Forex Secret

2
What Is Price Action?
Price Action is a theory of market behavior
based on the psychology of the traders, market
makers, and the market itself.
3
What Does It Explain?
Volatility of the market without news,
indicators  and other external factors
4
Main Tools of Price Action
Charts of the currency pairs
The patterns on them
5
Price Action Advantages
Dont need derivative indicators, expert advisors
and other paid tools.
Easily grasp the basics and analyze the state of
any currency pair without lengthy preparation
6
Price Action Advantages
Dont need to trust the indicators and other
unreliable sources of information
Trade almost always with delayed orders, which
means theres no risk of slippage
7
Price Action Disadvantages
Need to understand how the market works
Do not have precise instructions on when to open
or close the positions
Have to predict the actions of the other market
participants and hope that the majority of them
are at least adequate traders
8
How to Read Candlesticks
Candlesticks are the core element of any
financial chart. Each candlestick consists of two
parts a body and a shadow
9
Candlestick Moods
A candlestick can have three moods
Bullish - candlesticks close above the opening
price
Neutral - close around the same level
Bearish - close below it
10
Thank You
Visit to get more info
Theforexsecret.com