User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Saturday December 31, 2016 - 14:38:14 GMT
. - .

Share This Story:
| | Email

How to become a successful trader by using price action strategy

Trading can be extremely difficult if you don’t know how to trade the financial market properly. Even the most advanced traders in the forex market often have bad times in trading the financial assets in the forex market. If you truly want to become a professional trader you need to have strong determination for learning .Most of the novice traders fail in this industry and leave the forex market within a year or two. So it’s your choice whether you will become a professional trader or leave the forex market after losing a certain portion of your hard earned money.

If you still committed in forex trading then you are most welcome. In this article, we will guide you how to become a professional forex trader in the financial world. There are a number of different ways of trading the financial instrument. Most of the rookie trader tends to rely on indicators but we will highly discourage you to do so. Since you are going to become a full-time trader you will tell you how to achieve your goal by mastering the art of price action trading strategy.

Price action: Price action trading strategy is considered to be a most advanced trading strategy in the world. Those who are trading the financial instrument for a long period of time use the price action trading strategy to execute their order in the market. The theory behind the price action trading strategy lies behind the in-depth knowledge of raw price data. As a professional price action trader, you will be using the raw price data in the market to execute high probability trades.

Learn how to draw support and resistance level: In order to master the art of price action trading strategy, you must know how to draw the support and resistance level in the market. Support and resistance levels are they key levels in the market at which price reverses its direction. If you don’t know how to draw the important support and resistance level in the market then you will not be able to master the art of price action trading strategy. Make sure you have at least two connecting points when drawing the important support and resistance level in the market. By the word connecting points we are refereeing the highs or lows of the market.

Learn different price action signal: Price action trading strategy is based on the formation of different candlestick pattern. Each candlestick in the chart represents a unique signal to the traders. As a professional price action trader, you must go through all the price action confirmation candlestick pattern. Once you go through all of them chose the highly reliable candlestick pattern to trade the key support and resistance level in the market.

Trade with the trend: You must have heard the proverb that trend is your friend. In the eyes of trained professional trading along with the long term prevailing trend is one the key method to become a successful trader. So when you execute any order in the market make sure you are trading in favor of the long-term prevailing trend. Never try to pick the top and bottom of the currency pair unless you are extremely skilled at this.

Chose higher time: There are many traders who often fails to achieve success in the financial industry due to their lack of knowledge and trading discipline. As a professional price action trader, you must know that the best trading results can be found when trades are executed in the higher time frame. Never use the price action confirmation signal from the lower time frame since they generate false signal very often. Expert uses the daily and 5-hour chart to trade the different price action confirmation signal formed at different financial assets.

Execute your trade with proper risk reward ratio: On of the key ingredient to becoming a successful trader in the financial industry is to follow the perfect money management. As a professional price action trader, you must execute your trade with proper risk management factors. If you find highly reliable price action confirmation signal on the daily chart but if the risk reward ratio is poor never execute that trade in the market. Always remember that proper money management is the key ingredient to surviving the forex market.

Let your winner run: One of the most common forex mistakes that every price action trader makes is that they cut their winners too early in the forex market. But as professional price action trader, you should not deviate from your trading principle. Make sure that you let your winner run in the market for a long time and allow it to hit your potential take profit levels in the market. If you don’t do so you will never become a professional price action trader.

Summary: Trading can be done with a great level of confidence if you truly know how to trade the live currency rates with price action trading strategy. But in order to master the art of price action trading strategy make sure that you develop a strong trading discipline. Never execute any trade in the market based on your emotions. If you do so then you will lose money in the forex market. Professional price action traders always use proper risk management factors before they execute any trade in the market. They always chose the higher time frame and trade in favor of the long-term prevailing trend. Losing is just a part of trading .SO when you have consecutive losses in the market don’t get emotional rather take a break and start your next trading day with a fresh mentality.


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
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 ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105