Thursday, June 28, 2007
How can I design a forex trading system based on price action? -
I HAVE NOT COME ACROSS AN ARTICLE WHICH DEFINES AND EXPLAINS PRICE ACTION. I m not too sure what you mean but here I go... Price action in forex is basically governed by supply and demand theory - if there is demand for the currency it goes up. If there isn t price goes down. If there is too much supply, currency goes down and if there isn t enough, currency goes up. That s the simplest explanation - you might want to search around for supply and demand theory. Most forex systems are based on price action because most traders use charts - technical analysis which depends on price action. Price action is based on your experience and choices in trading If you are wanting to trade currencies {Forex} I suggest practise first and follow your own picks or if you have funds to invest and want a good return write to me for more information bill67co@yahoo.com Check out Japanese Candlestick.....Want to improve your Trading Strategy ? Dont just improve your technique. Improve also your Trading Strategy. Read more about it as taught by Dr Alexander Elder. Check out this compilation of Forex books. http://www.geocities.com/lcming/Forexboo... Check the website link below for the top Forex trading guides that will take you step-by-step through the intricacies of foreign exchange trading to make huge profits. http://money-review-site.com/investment....
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