Why Use Forex Price Action Analysis?
['Nial Fuller']
Learn To Trade The Market
When I say ‘naked price chart’ I mean trading off the pure price movement or price action of the market; in other words, you are trading primarily off the natural price dynamics of a market and not off of indicators, robots or expert advisors. Probably the best reason to trade Forex using price action is that any indicator you use on your chart to analyze market movement is derived from price and is just showing you the same thing price is showing you but in a less vivid format. Finally, perhaps the best reason to learn how to trade with price action is that no matter what strategy or system you ultimately end up trading with, knowing how to read and trade off the raw price action of a market will only make it better.