Review: How to Make a Profit Using Price Action Trading
Rating: 5 out of 5
Date: 05 25, 2014
Price Action Trading is a type of trading that is based on making investment decisions by studying price movements to identify market trends.  To study the movement, traders use the Candlestick Chart because it is less complex and easier to understand than the bar chart.  Best advice for beginning traders is to invest only when there is a clearly defined trend.  The best way to learn Price Action trading starts with mastering some simple strategies.  The Pin Bar setup is normally the most successful and easiest to spot.  It occurs when there is a reversal in price compared to the previous ones.  By following the guidelines of mastering one strategy and trading on a longer time frame to reduce mistakes as well as studying the market and focusing on a particular stock, even beginning traders can be successful with this complex method.  Sebastian Tejeda does a wonderful job explaining this concept, I recommend for any beginner.