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How to master the art of price action trading strategy

How to master the art of price action trading strategy

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There are many different kinds of trading strategy which you can choose to trade the live assets. If you look at the professional trader then you will notice that most of them have a very clear basic about the forex market. Unlike the novice traders they don’t execute random trades in the market rather they use a solid trading strategy to find the perfect trade setups. The professional traders at Singapore are doing relatively well within a very short period of time since every single one of them has developed a solid basic in the forex market.


You can’t expect to make money in the online trading world without learning the basic trading skills. If you look at the professional traders at Saxo then you will notice that every single one of them has spent a huge amount of time in the financial market to learn the art of price action trading strategy. This system is considered to be the most reliable trading system in the world since it gives the best trading opportunity to the traders. In this article, we will discuss how to master the art of price action trading strategy.


Learn the fundamental analysis

Most of the novice traders in the forex market often ignores the power of fundamental analysis in the forex market. If you look at the professional traders then you will notice that every single one of them are very good at doing the fundamental analysis. In the eyes of the trained professional fundamental analysis is often considered to be the most powerful price driving catalyst in the forex market. Fundamental factors allow the traders to know where the market will go in future and it gives them a clear idea about the strength of the prevailing trend in the market. So if you truly want to become a professional price action trader in the exchange traded funds community then make sure that you learn how to do the perfect fundamental analysis in the market.


Learn the reliable candlestick pattern

Price action trading strategy is based on the raw price movement and the different formation of the candlestick. If you look at the professional traders then you will notice that every single one of them only trade the reliable candlestick pattern in the market. It’s true that if you are relatively new in forex trading then learning all the reliable candlestick pattern will be a little bit difficult for you but if you trade with patience then within a few months you can easily trade the market like the professional traders. There is no need to learn all the candlestick pattern at the initial stage rather you should learn the most reliable pattern in the market. Once you learn them start trading the live assets with the most reliable candlestick pattern and side by side continue to learn other candlestick patterns.


Trade the higher time frame

Most of the novice traders in the forex market loses money in trading even after using the price action trading strategy since they trade the lower time frame in the market. It’s true that if you trade the lower time frame in the market then you will have lots of trading signals but the quality of the trading signals will not be that great. The expert traders always suggest the new traders trade the higher time frame in the market even though they will have less trading signal. You should always focus on high-quality trade execution in the market rather than high frequency. Though price action trading strategy is extremely reliable and profitable you must follow proper risk management factors in every single trade.

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