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    Accessible Forex Trading Methods for You!

    Abstract:Although fundamental analysis and technical analysis are common ways to make profits, they can be complicated usually. In contrast, Price Action Trading has tactics formed merely according to the price changes shown by K-line. Several common forms and trading methods are hereby introduced.
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      Although fundamental analysis and technical analysis are common ways to make profits, they can be complicated usually. In contrast, Price Action Trading has tactics formed merely according to the price changes shown by K-line. Several common forms and trading methods are hereby introduced:

      (1) PinBar

      It is a form featuring a nose-like structure with a prominent ceiling or floor price, a situation where the opening price approximates the closing price.

    5.1.png

      An upward “nose” seen by PinBar is indicative of an upcoming reversal of the trend along with a price decline, which marks the timing to go short.

      (2) OutsideBar

      This indicates that prices will continuously change in the same direction.

    5.1-2.png

      It is time to go long in the wake of a price increase and a bullish OutsideBar.

      (3) InsideBar

      Neither opening nor closing price of bar charts exceeds that of their previous counterparts.

      A group of InsideBar is an indicator of the ongoing market consolidation, and the price may embrace a breakout in a certain direction.

    5.1-3.png

      Signals of InsideBar are very powerful. More strips occur, more reliable InsideBar is.

      (4) False Breakout

      This refers to a breakout on the heels of a tested price with a fast market retreat featuring the halt of the trend after the breakout. This form shows the crucial turning point in the market which may give rise to some major changes.

      

    5.1-4.png

      All above-mentioned are just part of Price Action but are enough for you to start your trading!

      Stay tunned as WikiFX will get lessons from experts who have traded forex for over 20 years!

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    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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