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Forex Trading - The Complete Equation for Consistent Income: Master Your Setup, Master Thyself! When considering trading the forex market it is important that you know what strategy you are going to employ before you start trading real money. Trading the forex market with price action strategies can be a very effective and efficient way to make your trading decisions. When you understand how forex price action works, you put yourself in the very powerful position of being able to accurately read a "naked" or indicator-free price chart. Having the knowledge to read a naked price forex chart will also give you the power to read price charts in any financial market, not just forex, should you decide to do so. By using price action only setups to trade the forex market you will effectively be basing all of your trading decisions off of a simple and clear trading mindset because the simplicity of such setups will permeate throughout all of your trading activities. Many beginning and experienced forex traders alike get caught up with trying to trade overly-complicated trading systems that seem effective on the surface but in the end bring nothing but struggle, lost time, and lost money. If you are aware of this fact before you get to deep into forex trading you can prevent yourself from falling into this common trap of trying to use overly-complicated trading systems by employing a simple yet very effective strategy like forex price only trading. Price action forex trading will provide you with high probability trade setups that can help you time your entries into the market much better and more accurately than most lagging indicator methods can. This is because you are getting the trade setups as they develop instead of trying to interpret some indicator's depiction of past price movement. Many of the forex price-only trading setups that various price action mentors teach are simple 1, 2, or 3 bar setups that can be entered immediately after the price bar closes out. This means you have the potential to enter the market as close to a turning point or trend resumption point as possible, granted there is some discretion involved and any strategy will always experience losing trades including price only trading; however, if you become a good discretionary forex price only trader there really is no more accurate trading strategy in existence. To effectively learn to use forex price action trading on an on-going basis it is a good idea to enlist the help of a trading mentor or some other experienced forex price-only trader you may know. The discretionary aspect of price action forex trading is something that is easiest to learn from someone who has already mastered it; otherwise you might have to endure a lengthy period of trial and error. If you stick to simple yet effective forex trading strategies like forex price action trading, you will give yourself an excellent chance at experiencing a much more streamlined and profitable career as a forex trader now and into the future. Price Action Forex Trading is the trading of the Forex markets using an approach based on price itself. The price is the most important information on the chart, and this type of trading approach takes advantage of repeating patterns in the forex markets. It is the visual representation of the price of a specific market, normally over a specified period of time. It

is the most important part of any chart, as it is contains the most recent and relevant price data. Most, if not all indicators lag behind the current price. Sometimes they will give you the top or the bottom of that particular trading phase. One thing for sure, is that price action will give you the top or bottom of the market. Once you are able to pull the trigger the moment you are sure the technical requirements of the trading setup have been fulfilled, you will notice a new found sense of confidence in your trade. You will no longer try to force a trade where a forex currency trading setup is not present, and you will no longer trade on hope where clearly there is no trade setup. For More Information Visit

Forex trading the complete equation for consistent income master your setup master thyself  
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