User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday December 19, 2016 - 11:20:19 GMT
. - .

Share This Story:
| | Email

Key secrets of price action trader

There are many different ways of trading the financial instrument in the world. You can make money by following many different trading strategies. One of the most advanced trading strategies in today’s world is the price action trading strategy. Price action trading strategies involve study of the raw price data. Professional traders use the raw price data in the chart and execute high probability trades in the market by using different price action confirmation signal. If you truly want to become professional price action trader then you must know how to manage your trade efficiently.

Most of the novice traders fail to make money in the forex industry due to their lack of knowledge and trading discipline. They consider forex as money making machine but in reality trading, the forex is just like doing any other business. If you truly want to become a professional trader then you must have a different way of approach in the financial industry.

Trading can be done in a number of different ways. You can use indicators, as or you can simply use price action trading strategy. No matter which technique you follow, you must understand the forex market very precisely in order to make a decent profit. Every single forex experts have undergone many difficult stages and they have made their unique solution to their be precise every single successful trader has their own secret in trading and price action trader is not an exception of it.

Price action trading is vast area and it requires an extreme level of discipline. As a professional price action trader, you can’t afford to take any risk in the market. Every successful price action traders follow some unique steps which help them make a decent income in the market. In this article, we will reveal some of the key secrets that every price action traders follow.

Retrace entry: Retrace entry is considered to be the most advanced price action trading strategy in the forex world. Almost every price action trader executes their trade in the market after the formation of the price action confirmation signal in the market. But professional traders wait for a minor retracement in price to execute their trade in the market.

Trading the price action candlestick with minor retracement.

Figure: Perfect retrace price action trading.

From this figure, it’s very much clear that same price action trading signal can be traded in different ways. As a professional trader, you can execute your trade by limiting your risk simply by following the minor retracement in the chart.

Risk management factors: One of the most key elements in forex trading is proper money management. Most of the retail price action traders use simple risk money management factors and execute their orders in the market. Whereas all the professional trades size their risk according to their trade setup and fundamental conditions of the economy. For instance, they are willing to take more than 5% risk if the golden trading opportunity comes in the trading chart whereas they will lower down their risk to 1% in case of chaotic market conditions. They simply assess their risk on the conditions of the dynamic market.

Execute high probability trades only: There are many price action trader who often trades all the support and resistance level in the market. But as a trader, you should know that different support and resistance level has different importance in the financial world. The professional traders only trade the key support and resistance level in the market and ignore the minor levels.

Believe in quality trade: This is one of the most common characteristics that every successful price action traders have in them. They believe in quality trade execution rather than quantity. On the contrary, the novice traders have the tendency that trading more will help them to make more money. But in reality, trading too often simply increases the associated risk in the market. In the eyes of trained professional only one quality trade in the market is decent enough to secure your whole month profit in the market. They believe in quality execution rather than quantity.

Break: Trading can be extremely confusing at certain times. To avoid such circumstance all most every successful trader takes a decent break after every two to three months. As a professional trader taking a break is extremely important since it will refresh your brain and help to organize your trading be precise you plan always get haphazard after a certain period of time and a full-time trader you need to take a decent from the market in order to organize your thought and view on the market.

Trade without emotions: Trading without any emotions can be an extremely difficult task if you are relatively new in the forex industry. As a professional trader, you must trade the financial instrument without any emotions. The moment you execute ay trading orders in the market is the very moment you lose your trading discipline. Experts always trade what they see in the chart and keep their emotions aside. This is one the key ingredients that so many new traders are losing in the forex market. They simply trade the market with their emotions and ignores the technical and fundamental factors.

If you can truly master the art of forex trading then you can make a decent living out of it. But trading is not an easy task it requires an extreme level of patience and pin perfect execution of the trading plan. Most of the professional traders in the industry have developed their trading skills through continuous learning procedure and hard work. So be ready for the hard work if you truly want to become a professional price action trader.

Author: Dwayne Buzzell – Forex Trader




Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105