There are many different kinds of trading strategies you can use as a currency trader. Every trading strategy is different and you must know how they work. Among them, the price action trading strategy is one of the best. This strategy is based on the different forms of Japanese candlestick pattern. If you know how to decipher the candlestick pattern at the important price level, you will be able to execute high-quality trades with a very tight stop loss. When traders learn to use tight stop loss, they can easily increase the lot size, which eventually increases the profit. In this article, we are going to discuss some of the hidden secrets of this price action trading strategy.
Impact of higher time frame
Price action trading strategy tends to work best when it is used in a higher time frame. People who use this strategy in the lower time frame, … Read More