Intraday Trading With Price Action

The price action strategy is one of the strategies in trading that is much favored by traders, both beginners and professional traders. This strategy is known for its simplicity and ease in analyzing the market.

Price action is a method that helps forecast market movements by detecting patterns or signals in the underlying market price fluctuations. In trading, price action is used to see the performance of a security, index, commodity, or currency and predict what it can do in the future.

The market has data in the form of graphs about the price movements of an instrument in certain periods. This graph is an illustration of the actions of several market participants, be they humans, programs or robots. This price action strategy makes some of these things as analytical indicators.

All news or global events that have a direct impact on the market will be reflected in the form of graphs. In other words, only with a price action strategy, traders can see the fundamentals depicted in the graph at the same time.

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