As a professional day trader that specializes in price action trading, I am often asked if price action can be used as a legitimate Forex trading strategy. The answer to that question is a definite yes; however there is a big “disclaimer” that I will throw in with the “yes” answer. You see, price action
Can Price Action Be Used As A Legitimate Forex Trading System Read More »
A lot of people are trying their hands at day trading lately, choosing Forex, stocks and futures most often. There is a vast potential to make a lot of money when day trading, but you need to know the right information. Use these great price action day trading tips to ensure trading success when learning
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Day Trading is one of the fastest growing trends in the financial and investing arena, but understanding day trading and what’s involved is very important before getting started. Both the US and Europe are facing large unemployment numbers, which is forcing large numbers of people to look into alternative ways to replace lost income. There
Having been a trader for many years, I am often asked, “What is Nifty and can you day trade it?” Nifty, also known as the Nifty Fifty, actually stands for National Stock Exchanges Fifty. The Nifty is an Index, similar to the DOW or S&P Indexes, and it is computed from the performance of the
Unless you are brand new to trading, you have likely heard it many times. It really is very important too, so if you don’t understand how to buy low and sell high, then this article is going to hopefully open your eyes and give you one of those “oh yea” moments. The reason most traders
Are you thinking about learning to day trade and asking yourself the question: “Is day trading right for you?” If so, you are not alone, and we are asked for advice every day about day trading here at Price Action Trading Systems, so when we ran across this article by James Okada Lee, we thought
While this is a very simple article about using price action to day trade, we thought it was great for no other reason than it’s straight to the point and easy to understand. It sums up everything we have had to say here at price action trading systems, and that is the fact that the
If you are new to trading the markets, you may be completely unaware of the term “Price Action Trading.” However, even if you are a long term and experienced trader, you may not be aware of the virtues of trading from pure price action alone. Price Action Trading – is it the holy grail or
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We are often asked: Is day trading is a risky endeavor?, but the answer is probably not what you would think. If you approach day trading like gambling, then indeed, it can be very risky. If you start on the simulator and you learn the proper techniques, which are learning to trade with price action,
Is Counter Trend Trading the road to ruin? One of the reasons many new traders lose money day trading is because they cannot break the desire to counter trend trade, or to try and pick tops and bottoms. Unless prices are in what I would describe as a “trading range” type day, it is very