What is Price Action Trading ?
Hello friends Fist know what does it mean Price action traders focus only on the past price history provided by a chart, ignoring other elements, including technical indicators, news or outside forces. Some important characteristics of price action trading are trading according to the prevailing trends and identifying repeated chart patterns. Price action trading helps traders establish flexible trading frameworks and doesn't require tracking the news continuously. Price action trading can be time-consuming because it involves manual charting and extensive data analysis. Moreover, the strategies are subjective and different traders may use them differently. Some of the notable price action trading strategies include the Inside Bar Pattern, Pin Bar Pattern, and Fake Pattern. Defining Price Action Before comprehending price action trading, it is essential to know what price action is in trading. The fundamental change in the price of financial assets is known as price action. Pri