8 Tips Trade Forex Price Action

8 Tips Trading with Price Action For Beginners

1. Know what is the Candlestick Reversal Signal
   -there are few,most important to know and effective is pinbar, engulfing and morning and evening star.
2. Understand the Market Structure
   -market is moving in a zig zag pattern.
3. 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.
4. Use effective money management strategy
   -set your reward double from your risk. Only risk 50pips of your account.
5. Only trade major pair.
   -major pair like EURUSD, GBPUSD, AUDUSD and NZDUSD is easy to understand and predict the market.
6. Best time frame is H1, H4 and D1
   -smaller time frame leads to a false signal
7. Wait for the candle is complete before making entry.
   -Candlestick can change before its complete.
8. Entry at active session.
   -find the reversal candle during the active session, Euro session and US session.

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