Forex Price Action Basics Course - Learn the basics of Price Action!
You will learn the basics of...
- What price action trading is and how it can be used in Forex trading
- Japanese Candlesticks, including price action setups
- Support and resistance
- Price Action Patterns
This course is free and no registration is required!
Free course videos and a free downloadable PDF!
Perfect for beginners!
All online!
Forex Price Action Basics Course - Part 1 - Online Course
Introduction
What is price action trading?
Price action is the term used to denote the behaviour of historic price movement - how price has acted in the past, hence the term price action.
Analysing price action is done by using price charts. Price charts show a Forex trader a historical record of price movement and behaviour.
The basics of price action analysis includes...
1. Identifying the current price direction
2. Identifying high and low points of price
3. Identifying patterns formed by price
Why use price action?
Price action can predict where future price is going to be, meaning that it can make you money. I am a full-time Forex price action trader. I can testify that price action is reliable and is one of the most simplest and effective methods of analysing the Forex market and being profitable.
Price action is also universal - once learned, you will be able to trade any time-frame and any financial market. I use it to trade on all currency pairs and on all time-frames. I also use it to invest in stocks and trade commodities, indices and cryptocurrencies.
How to trade price action
This step-by-step Forex trading course will teach you about the basics of price action and how price action can be used to trade Forex...
Forex Price Action Basics Course - Part 2
Trending Markets
When price is moving in a upward or downward direction, this is referred to as a trend. An uptrend is when price is moving in a general upward direction. A downtrend is when price is moving in a general downward direction.
Uptrends and downtrends have certain characteristics or features, which will be covered in the video below. These characteristics involve the structure created by price - a series of swings higher or lower.
When price is up-trending, this can be referred to as bullish price action. When price is down-trending, this can be referred to as bearish price action. Bullish for buying (up). Bearish for selling (down).
Learning how markets trend is key to successful Forex price action trading.
Key points
- An uptrend is when price is moving in a general upward direction
- A downtrend is when price is moving in a general downward direction
- When price trends, price action usually forms swing highs and swing lows
Forex Price Action Basics Course - Part 3
Ranging Markets
If price is not trending, it could be ranging...
A ranging market means that price is moving between 2 areas of the market and is moving in a general sideways direction. This sideways direction can also be referred to as market indecision or market consolidation.
The next video in my price action trading course will teach you how price behaves when it is ranging.
Key points
- Price is generally trending or ranging
- When price is ranging, it is moving in a general sideways direction
- Price usually ranges between 2 areas of the market, creating a horizontal channel type pattern
Forex Price Action Basics Course - Part 4
Japanese Candlesticks
Japanese candlesticks are used by the majority of price action traders. They may look daunting at first but they are relatively easy to understand.
Being able to read Japanese candlesticks can help a Forex trader understand where future price may be. They can show potential continuation of direction and also potential price reversal.
Each candlestick has a candle body and candle wicks. This will all be explained in the video below.
Specific Japanese Candlesticks and certain formations formed by candlesticks can act as signals to buy or sell a currency pair. These candlesticks are referred to as price action setups.
Key points
- Japanese candlesticks can be bullish or bearish (green or red)
- Japanese candlesticks consist of a candle body and candle wicks
- The candle body shows the open and close of price
- The candle wicks show the high and low of price
Forex Price Action Basics Course - Part 5
Setup: Engulfing Candles
Engulfing candles are one of the most simple and commonly used price action setups.
The next lesson in this free Forex trading course will teach you what an engulfing candle is and how it is used in price action trading.
Key points
- Engulfing candles overshadow or engulf the previous candle
- They can signal where future price may be
Forex Price Action Basics Course - Part 6
Setup: Pin Bars
Pin bars are another simple yet effective price action setup. Sometimes they are referred to as hammer candles or kangaroo tails.
The video below will teach you what a pin bar is and how it is used in price action trading.
- Pin bars (hammers, kangaroo tails) show a clear market rejection
- They can signal where future price may be
Key points
Forex Price Action Basics Course - Part 7
Support and Resistance
Price action creates areas or levels within markets that are referred to as support and resistance.
Support and resistance is formed from historical price reversals - where price has reversed in the past, can indicate where price may reverse in future. Support and resistance is used by many professional Forex traders.
There are different types of support and resistance, namely; horizontal support and resistance, diagonal support and resistance and dynamic support and resistance.
When support is broken, it can become resistance. When resistance is broken, it can become support.
The video below will teach you the basics of support and resistance....
Key points
- Support and resistance are areas of reversal
- Support and resistance can be likened to floors and ceilings with the market
- Support and resistance levels are watched by many professional Forex traders and trading institutions
Forex Price Action Basics Course - Part 8
Price Patterns
Price action forms patterns that appear over and over again within the Forex markets. These patterns can show where future price will be.
Just like support and resistance, price patterns are used by many professional traders and are a must for any price action trader.
Just as price action forms swings when trading, price action can also form patterns to signal a trend or consolidation. The most common trend reversal patterns are; double tops, double bottoms, head & shoulders and inverted head & shoulders. The most common trend continuation patterns are consolidation patterns; wedges, triangles and breakouts.
Please take the next step in this price action course by watching the video below...
Key points
- Price action patterns generally signal trend reversal
- Just like support and resistance, price action patterns can be witnessed over and over again within the Forex market
- Price action patterns are watched by many professional Forex traders and trading institutions
Forex Price Action Basics Course - Part 9
Everything you need to know to become a Forex trader in 10 online training modules...
- The fundamentals of profitable Forex trading
- My very own Professional Forex price action trading strategies
- All the knowledge and tips you need to get started
- Deep price action insights and Forex trading "secrets"
All Major Debit and Credit Cards Accepted
One-off payment for lifetime access!
Sale Price - £275 (save over 15%)
Download my FREE Forex Price Action Trading PDF...
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