8 Tips Trading with Price Action For Beginners
- Know what is the Candlestick Reversal Signal
-there are few,most important to know and effective is pinbar, engulfing and morning and evening star.
- Understand the Market Structure
-market is moving in a zig zag pattern.
- Know how to identify the support and resistance
-support and resistance is the critical area that big trader look for entry. Best entry to find the
candlestick reversal signal at those area.
- Use effective money management strategy
-set your reward double from your risk. Only risk 50pips of your account.
- Only trade major pair.
-major pair like EURUSD, GBPUSD, AUDUSD and NZDUSD is easy to understand and predict the market.
- Best time frame is H1, H4 and D1
-smaller time frame leads to a false signal
- Wait for the candle is complete before making entry.
-Candlestick can change before its complete.
- Entry at active session.
-find the reversal candle during the active session, Euro session and US session.
