Trade with Price Action and Your Intuition
Successful traders are not sitting at their computer desk waiting for a robotic trading system to give them accurate signals so that they can make profits. Nor are they rigidly waiting for different indicators to line up on their charts providing them profitable signals. In fact, most successful traders have long since realized that these types of rigid and mechanical Forex trading systems simply do not work over the long run.
What is Trading Intuition?
It does not matter what the educators or sellers of the system say, with all trading methods there is always a degree of intuition and awareness that is talking taking place in our trading system and it is the high time to learn the methods correctly.
There are two main things to be aware of in this matter.
- The Forex trading strategy that you use
You need to understand that, an effective trading strategy like price action is needed to do well in trading business. But it’s not ONLY the strategy that decides whether or not you trade successfully. In fact, it’s HOW you trade it and which brings you to your next point.
- Using discretion or intuition to trade your strategy
The core part of trading is the psychological element and the ability to read the market with “deep intuition and feel”. One thing you should remember that, this aspect of trading is not easily taught and it’s really something you need to develop through study.
How to Develop Price Action Trading Intuition
When you are trying to learn how to trade with price action, you might experience some difficulty in actually boiling down all the information available on the internet into a practical Forex trading strategy. That’s why, one thing you can do to make the process of learning Forex price action is easier to employ the help of someone more experienced than you to guide you and help you to learn forex strategies effectively. Following this, you will streamline the process of learning how to trade price action which will inherently help you save time and money since you will be avoiding a lot of common beginner trading mistakes.
Typically, learning from an experienced trader is really only one piece of the puzzle of becoming