Whilst the Forex world is full of people showing traders how to enter trades and the latest gadget or system to find the best entry, when it comes to exiting and managing trades, things become a lot more vague. Whilst entering a trade is important, if trades are not managed properly, the trader will have next to no chance at making regular or consistent profits. How traders … [Read more...]

With so many new traders coming into the markets every day, price action trading is becoming increasingly popular. The reason price action is becoming so popular is simply because it works, but there is a clear difference between reading and trading price action and being a pattern trader. The Difference Between Price Action & Pattern Trading? There is often a lot of … [Read more...]

The Pin Bar reversal is without a doubt one of the most powerful and reliable price action trading signals that can be traded across many different markets and time frames. The Pin Bar is very simple to identify and with most new traders being able to quickly learn to spot this two candle formation. The Pin Bar really can be a very high probability trading signal once the … [Read more...]

Hiding in the Bushes with a Sniper Rifle, or Out in the Open with a Shot Gun? Which trader are you out of these two? Are you the trader that waits for your edge in the market to come to you and then when it is there you move in with a strategic stake, or are you the trader who has trades all over the shop because you just have to be in the market all the time? The vast … [Read more...]

For price action traders the most important piece of equipment they have is their price action charts and the raw price data on those charts. Some of the most common questions and points of confusions that crop up from this price action data are; When a trader finds a signal to enter a trade, do they play the signal on that same timeframe chart they spotted the signal, or … [Read more...]

In most of the articles we make at Forexobroker we discuss the best setups for price action traders to find and how to trade them. What’s often overlooked is what traders should be avoiding and steering clear off. Just as important as knowing what the best setups look like is knowing what the dog trades look like so they can be avoided. This article is going to cover the … [Read more...]

The reason trading with price action can be profitable is because whilst the Forex market is random, the humans who trade it are not. The traders and organisations who participate in the market operate out of habit. Given similar situations, humans behave the same way because of their habits. It is these habits that create the outcomes. This is the reason that the same patterns … [Read more...]