Most forex traders find it difficult to setup a good technical analysis. A good number of traders don't understand the basic components of a price action, they cannot read the key information off the chart and hence they keep relying on ready made trading strategies without knowing the fundamentals.

This group of traders finds forex trading very difficult and grow tired of the market after a couple of losing trades. Being incapable to achieve success in their adventure in the market, they end up believing that making money from forex is an illusion. They fail to understand the concept forex price action.

The kernel of any accurate forex strategy or technical analysis is a good knowledge of price action. The main aim is to read the key price information from the chart. Price action applies to all kinds of trading strategies including day, swing and position trading strategies.

Price action is the process of using the price chart itself (or candlesticks), without any indicators, to assist in trading decisions. Price action allows traders understand important zones of supports and resistances, trends identification, good entry and exit signals. It applies to all currency charts and time frames, but larger time frames like daily or 4 hour chart bring more accuracy over lower time frames.

With an accurate understanding of how price action works, a trader can design any strategy that would suit his trading style and psychology.

Getting familiar with price action trading could be challenging for beginner traders especially those who do not have a proper understanding of daily technical analysis. This setback has been resolved by the Price Action indicator. The price action indicator is a simple custom indicator that was designed to assist traders with forex Price Action

With the Price Action indicator, traders can benefit the following:

Eliminate the difficulty in reading price off the chart

Find important support and resistance levels

Design simple and profitable strategies,

Make up to 80 pips daily,

Get good entry and exit signals with up to 90% accuracy.

Price Action indicator


By forextrading23.com
InstaForex Nigeria Official Introducing Broker

Find more interesting and educative Forex articles on our website.

I pray he wins in Jesus name
UK visa already in the pocket

Hello everyone.

Pls does anyone knows which Nigerian/Lagos TV channel shows
Chris Okotie's Apokalupsis programme.

I listen to it on Radio on Raypower Lagos every sunday morning
but i believe it also airs on TV

I would greatly appreciate useful responses.

Thanks

ok. following

try instaforex.com for scalping

Today, I sold $318 Wm to standard gold.
I received bank alert within 30 minutes.
Good exchange rate and fast service.
Standardgold is my highly recommended e-currency exchanger.

bosun11: ....is it possible to invest $500 and earn over $20000 after over 12 months....just asking and a bit curious.........................................#only serious minded individuals should reply this post please

Its possible to get such a return from the forex market.
But for me, such a return would be too risky to trade with a deposit balance of $500

goldng:

Payment has been sent. please confirm. Thank you.

great service. I sold $436 yesterday to sgn and received my Naira payment
almost immediately.
thanks.

instaforex also in Nigeria
forextrading23.com

Good morning SGN,
I want to sell 400 WMZ.
how much are you buying from me and how soon
would i receive funds to my account once i transfer
to you

try sowget.com
very reliable
watch this tutorial on to fund your PM instantly

https://www.youtube.com/watch?v=w4IdpIYbesI&t=72s

WE are here

i have alot of WM to sell to you but i do not trust some of these exchangers as i have suffered alot in their hands.
Do you have an office in Lagos where we can meet physically to complete the transaction?

why don't you show us the past trading history of your robot so we know you are really serious
about its profitability

My wife is prettier than her sef

Though forex is a risky business, if you have a good and experienced trader who make consistent returns monthly,
i would suggest you invest your funds in the forex market.

It is as i feared.
Now its confirmed Ebola is in Nigeria

ok.
am interested.
may the pips be with us

The Ebola virus scare is getting alarming these days

you are really doing a great work sir..i have been monitoring your signal and you seem to be an actual genuine trader with great analysis

your strategy is really similar to mine as i get my entries at market open as well..i had entries on buy GBPUSD and sell AUDUSD

i just had my take profit for GBPUSD(40pips tp and 20sl) but my AUDUSD is still floating in profit of 17pips

i also took your trade on buy EURAUD and surprisingly your take profit just got hit(95 pips)...Kudos to you sir

is there a way i could learn from you? how you analyse to get your signals? I have read your article on how you analyse using daily charts with price action to pin point your entries but i would really like us to discuss and expound on how you really do it..

God bless you and may you continue to excel

forex traders in the house,
the ball is now in your court?

wizeboy11: Please anybody here knw if i can withdraw from instaforex that is not verified

yes you can withdraw your funds from an Instaforex account that is not yet verified.
http://forextrading23.com/withdraw-from-instaforex-account/

gud morning

free forex seminar

gud morning

Happy new year to all forex traders.
May the positive pips and profits rain upon us this new year, amen

Sir, since you are interested in knowing more about Instaforex PAMM system, i would suggest you read through their FAQs on the website.
https://www.instaforex.com/faq.php#pamm

how much is it
is the one for gotv available

happy new year everyone