Currency pair in forex, is refer to a pair of currencies that put together, comparing in value, and make a foreign exchange rate. Currency pairs show as two abbreviation of currency names with a slash between. For example EUR/USD (Euro/U.S. Dollar).

Author Topic: Price action and chart reading in Forex Part 1  (Read 2755 times)

Newswire

  • Jr. Member
  • **
  • Posts: I am a geek!!
    • View Profile
on: August 14, 2018, 11:53:09 AM
Price action and chart reading in Forex Part 1

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!

In this series of forex webinar video we will talk about most important clues and observations that can be captured from the price action. We will focus on the Forex market, yet you will be able to apply the same principles to analyse stock indexes, commoditites e t.c. and go through several most frequently occurred scenarios of price action:

1. Active trending market (new money stepping in the market).
2. Stair-stepping trending market (mature trend);
3. “Random” price discovery (sideways action);

Looking at the chart, many traders are confused with amount of information they need to process. The shorter timeframe you are operating within, the more “noise” you will face with. The skill of separating “signal” (relevant, important information) from the “noise” is the major skill for a trader. “Price action analysis” does not mean that you should go after the price in all cases. Price is just an advertising mechanism in a two-sided auction process, and it not always shows us relevant information, sometimes it just produces “random” action (we assume that there is nothing really “random” in the market action, but it is so for us, if we don’t see anything meaningful behind it)




Eriikk

  • Newbie
  • *
  • Posts: 9
    • View Profile
Reply #1 on: August 25, 2018, 02:28:16 PM
Thank you



Dronehone

  • Newbie
  • *
  • Posts: 1
    • View Profile
Reply #2 on: September 10, 2018, 05:14:03 PM
Many traders who start trading in the Forex market have often started to hear traders. Traders began to talk about the price action or price movement behavior. Some people may be confused as to what this is. What is the price action?  If the simplest way to see Price action is to see a blank graph itself, do not use indicators or what the average. Price behavior from a blank graph. Both in the form of Candlestick chart and Bar chart, which many traders in the Forex market successfully used this method to trade. They believe that the indicators or the average. Prices are based on open highs and lows on the chart. They are going to focus on price behavior. Instead of watching them.



Doomdook

  • Newbie
  • *
  • Posts: 5
    • View Profile
Reply #3 on: November 30, 2018, 01:09:06 PM
Forex is the shortening of foreign exchange, sometimes referred to as FX or currency trading. It is the exchange of one currency for another.



Juksas

  • Newbie
  • *
  • Posts: 2
    • View Profile
Reply #4 on: December 12, 2018, 05:33:34 PM
Thanks for this nice tutorial



Juaas

  • Newbie
  • *
  • Posts: 8
    • View Profile
Reply #5 on: January 19, 2019, 02:23:34 PM
Price action is easy to understand for forex traders in general.



Jukkiss

  • Newbie
  • *
  • Posts: 1
    • View Profile
Reply #6 on: March 05, 2019, 11:48:30 AM
This is good for forex trader in general



Hfax

  • Newbie
  • *
  • Posts: 8
    • View Profile
Reply #7 on: March 07, 2019, 06:49:33 AM
i decide to trade forex and get rich



rolar

  • Guest
Reply #8 on: November 13, 2019, 04:21:07 PM
Price action is my favorite



sueeker

  • Guest
Reply #9 on: November 15, 2019, 05:58:48 AM
It's good to listen to this



Yuita

  • Guest
Reply #10 on: November 17, 2019, 05:56:55 PM
The price action is a method of billable negotiation in the analysis of the basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators. It is a form of technical analysis, since it ignores the fundamental factors of a security and looks primarily at the security's price history. What differentiates it from most forms of technical analysis is that its main focus is the relation of a security's current price to its past prices as opposed to values derived from that price history. This past history includes swing highs and swing lows, trend lines, and support and resistance levels.



rolar

  • Guest
Reply #11 on: November 21, 2019, 02:25:43 PM
I like this theory in forex trading.



Kuile

  • Guest
Reply #12 on: November 23, 2019, 09:22:47 AM
Thanks



jean

  • Guest
Reply #13 on: November 27, 2019, 01:48:19 AM
As well as forex market, India's stock market SenForex and Stock Speculating has jumped more than 100 points today amid the hope that the Reserve Bank of India will cut interest rates for the sixth time at the next monetary policy meeting next month. S&P BSE SenForex and Stock Speculating closed at 40,286.48. Up 170.42 points or 0.42% Financial shares rose to lead the market today. This will make chart reading in forex market easier. Maybe chart reader can make price action faster.



 

Related Topics

  Subject / Started by Replies Last post
6 Replies
2187 Views
Last post November 14, 2019, 01:03:01 PM
by Eca
2 Replies
994 Views
Last post December 09, 2019, 10:37:47 AM
by Kiloooje
0 Replies
149 Views
Last post May 11, 2019, 04:39:12 PM
by Somsak
1 Replies
268 Views
Last post June 22, 2019, 11:20:58 AM
by Doomdog
2 Replies
62 Views
Last post November 10, 2019, 12:22:39 PM
by люб


-

Forex Forum - Learn Forex/ 外汇信号 / إشارات الفوركس / Форекс сигналы / สอนเล่น Forex / Tín hiệu Forex/

-(Blog)-
-
Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to Forex trading in each language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or not. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Whether you are newbie in forex, part-time traders, or full-time forex traders. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. Whether a materials related to Forex trading in different language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия). Whether newbie in forex tradeing, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The people here maybe newbie in Forex trading, part time dorex traders, or full-time traders. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. Whether it is in the section of Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or any other language. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.