What is Price Action Trading?
Price action trading is a strategy that relies on historical price movements to make trading decisions. Traders analyze charts and patterns without using indicators, focusing on price trends and market behavior. This method is popular for its simplicity and effectiveness.
Key Points:
- Focus: Historical price movements.
- Indicators: Minimal use.
- Analysis: Charts and patterns.
- Simplicity: Straightforward approach.
- Effectiveness: Proven strategy.