The art and skill of price action analysis is the best way to trade the Forex market. While this may seem like a bold and possibly even arrogant claim, the fact remains that trading off simple naked price charts is profoundly less stressful and confusing than any other technical analysis trading method, and equally, if not more effective. Forex price action training will teach you how to effectively and consistently trade price action setups in order to make make money in the market. Too many methods out there basically claim that by downloading a piece of software or using 5 different lagging indicators, you are going to get rich over night. The fact is, trading is at best a ‘get rich slow game’, and anyone who makes a ton of money really fast in the market starting from very little is probably gambling and just got lucky; these types of traders don’t last long in the market.
Taking the time to get professional trading instruction from a qualified trader or mentor is something that will repay you many times over as you progress in your trading career. You can learn to trade on your own, but it will enviably involve a lot more trial and error, which in trading terms simply means lost time and lost money.
Why you need professional Forex price action trading training
Learning how to trade price action setups will be one of the best things you ever do for your trading account. While there are a number of books that discuss various price action setups, getting first hand Forex price action training in a “virtual classroom” is the most efficient and useful way to learn about price action analysis. You wouldn’t go to a mechanic to have heart surgery; similarly, you aren’t going to learn how to successfully implement price action strategies in the Forex market if you don’t receive forex price action training from a professional price action trader. It’s called learning ‘on-the-job’, and it is the way almost all professions are properly learned; from a mentor. Forex price action training is no different, in fact, it may be even more imperative that you receive price action training from a qualified Forex trading than it is in other fields.
Here are some of the ways that getting a comprehensive Forex price action trading education will benefit you:
* It will give you a clear path to start your trading journey on by laying out guidelines and a method for you to learn. It removes the feeling of being “lost” in a sea of contradicting and overly-complicated trading strategies and systems; it gives you a concrete starting point.
* It will reduce the “trial and error” that is an inevitable part of trying to teach yourself to trade. As I said above, you can teach yourself to trade if you really want to, but just know that doing so will come with a very high price tag via lost money and lost time from all the trial and error you will be doing. When you get qualified trading training, most of the “trial and error” has already been done by the person providing you with the training.
* If the training is from a legitimate trader, you know that the method and concepts you are learning have worked for other traders. All you need to do is learn and follow that method and trade it with the proper trading mindset (which can be the most difficult part for most traders). But, the point is, if you get trading education from a qualified trader, at least you know you are investing in your own trading knowledge and you will learn something that will benefit you in real-world trading scenarios.
* If you receive your price action trading training from a community of like-minded traders that includes things like a members’ discussion forum and a daily members’ price action outlook, like my members’ community, you will have other traders to converse with and learn from (as well as help learn). This works to eliminate a lot of the “loneliness” that is an inherent part of being a trader who primarily trades from their home, and also provides an element of on-going education to help you learn more everyday.
Why you should learn to trade with price action strategies
Many beginning traders seem to believe that trading methods which are complicated and look fancy on their charts will ‘magically’ bring them outstanding returns. This is a natural human misconception which often leads to confusion, frustration, and blown out trading accounts. You can avoid this trap by accepting the fact that all financial markets are driven by human belief and emotion, these emotions are reflected via a price chart which you can learn to profitably take advantage of by getting good quality forex price action training.
Trading the Forex market can be as hard or as easy as you want it to be. The best way to get started on the right path is by getting effective price action training. When you learn to spot specific price action setups that repeat themselves again and again in the market, you are simply learning to recognize patterns in human behavior in regards to their money. As I mentioned above, people tend to act very predictably when their money is on the line; this predictability is reflected on a naked price chart. The beauty of Forex price action trading, is that not only does it allow you to take advantage of human behavior, but it also will give you the skills to interpret economic news which also make their imprint in the market via price movement. Once you get a good quality forex price action education you will have the tools you need to trade the Forex market with clarity and confidence.