When we thinks about making money in share market, only one thing comes to our your mind i.e. Price Action Trading Strategy. I'm i right?
Well, yes!
I am a Day Trader and i believe in this strategy, it works fine for me from last 5 years & will also work for you. Be honest & ask yourself do you wanna profit with a win rate of 90%?
Obviously you want!
So lets get started.
What is Price action trading strategy?
In my opinion, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying lagging on technical indicators.
This is the basic explanation of this strategy. We are going to learn everything about price action strategy on this blog.
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Read Hindi Shayari
How Price Action Strategy Works?
This is the main question every trader wanna know. Well every newbie comes to share Market with dreams of become a millionaire.
Don't you think we need to learn first?
Okay now coming to the question, Price action strategy actually works on the previous price movement and volume.
Their is a way to measure it in right way i.e. Support & Resistance.
In every stock their is a demand & supply level you just have to find it with high volume at support or resistance with candlestick pattern of price action strategy.
Types of Price Action Strategy?
Price action strategy consists of some parts which is given below :
- Candlestick patterns
- Support & Resistance
- Pin bar trading strategy
- Current Company News
What is Risk To Reward Ration in Price Action?
Well experience is everything here in price action strategy so more hard you work on analysis more profit you earn.
My Risk to reward ratio is 1:5 now.
But sometimes i have to book profit it at soms extreme market conditions, which we are going to learn in next articles.
What are the best Tools to analyze any stock?
I use Investing.com to research any stock. Well this is a long process but not more than 15 to 30 mins, onces you going to learn and implement this strategy. Its very easy to use and user friendly interface provided by Investing.com.
Conclusion
This is just a explanation of Price Action Trading Strategy. We are going to learn it step by step in next articles with high quality graphs.
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