What Is Price Action Trading?

[staray22]

I have been thinking about checking out the Price Action Trading Course but still don't fully understand what price action is. Could someone just give me a brief overview of what their view is on price action? There are a lot of different definitions out there...

Thanks in advance!!

[Brendan Egan]

I have been thinking about checking out the Price Action Trading Course but still don't fully understand what price action is. Could someone just give me a brief overview of what their view is on price action? There are a lot of different definitions out there...

Thanks in advance!!

Price action trading conventionally is trading by relying strictly on price. My interpretation of price action is a bit different because I incorporate the following:

• Financial Instrument's Price
• Volume Analysis
• Crowd Psychology

I also incorporate more conventional trading strategies and concepts such as:

• Proper Money Management
• Risk:Reward Scenarios
• Forming proper trading mindsets

Basically to be a price action trader I think you need to ditch trading indicators and softwares and rely on yourself and your understanding of how the market works to judge your trades. I think price action traders have the deepest understanding for how markets work and why they work that way which then allows them to place educated trades.

Unlike other methods, to be a price action trader you need to truly understand what you are doing. You are not simply following what some indicator or software tells you but you are placing yourself at the wheel and you are responsible for analyzing all of the different factors that play into price action. If you are interested in learning more, drop by and check out our Price Action Trading Course.