Price action is the oldest strategy in the world of forex trading. It is a method of trading is the type of technical analysis. It seems ridiculous that the old strategy is unknown to so many. Ask some of today’s new marketers what the price action is and they will look at it blankly. Some may have heard of it, but you can pretty much guarantee that no one will know how it works.
Today’s modern forex market is basically run by robots. Indicators are used that tell you when to buy and sell, with stunning imprecision. The business community has become definitely lazy.
The main thing of this method is very simple. It informs current trends and predicts how prices will move in the near future. When the stock exchange opened its doors for the first time, all traders used this method to buy and sell. Jesse Livermore was a legendary trader in the early 20th century, and the only system he ever used was price action.
Why have things changed so drastically? By bringing indicators to the current market, the whole thing was made way more complicated than it should be. Traders seem to have really forgotten how to analyze markets.
New marketers who market themselves are brainwashed by these wonderful inventions that make their money for you. They will never have heard of it, but when their bank accounts are empty thanks to their mechanical friends, they will wish they had.
Then pour the indicators, learn the price action and become a true trader. ]