The First Science When Using Price Action on Forex

In forex trading, there are many price indicators that can help traders analyze the direction of price movements. But before jumping into studying various indicators, it's a good idea for novice traders to prioritize learning price action first.

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.

Market conditions are generally divided into two types, namely trending and consolidated (sideways). Price action can help traders identify these conditions by paying attention to their high and low prices.

The process of identifying market conditions can help traders decide to open positions based on their trading style and risk management. For example, trend traders identify opportunities when price is expected to break through a resistance (support or resistance).

Trend traders will usually stay in one position until the expected price movement trend changes. While swing traders take advantage of prices that move volatile in an area or range. Swing traders see the potential to buy at support and sell at resistance.

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