Price of any financial instrument (like stocks, futures, forex, cryptocurrencies, CFDs) is influenced by the struggle between supply and demand. To study "price action" means to interpreter this battle, studying the behavior of market participants, in order to understand which of these forces is currently dominant. With the book "The beginner's guide to Price Action trading: learn to read price charts without additional indicators", I explain my personal approach to online trading and technical analysis. During the years, I have studied, tested and implemented various approaches to the technical study of price charts, looking for the best one able to suits my needs. At the end of this journey, I decided to drop out the usage of quantitative indicators and oscillators, focusing my attention on what is really important: price action. Following a "less is more" logic, I moved from a confusing screen full of indicators and oscillator, to a simple and clear condition, in which price is the protagonist. This change of mindset improved not only my results in terms of profitability, but also contributed to enhance my ability to manage psychological and emotional stress connected to this activity.This book has been integrated with numerous visual examples, with graphs able to provide you with a better understanding of the concepts proposed.WHO IS THIS BOOK FOR?If you are an experienced trader, this book IS NOT for you. A novice trader will find more values throughout these pages. Contents here presented are not suitable for algorithmic traders, since considerations done are more qualitative than quantitative, and request a cognitive process hardly programmable.WHAT YOU WILL FIND IN THIS BOOKIn the first part, I will introduce some basic concepts, too often undervalued, like support, resistance and trend lines. Then, we will cover together the different phases of the market in chapter 4. Later, we shall discuss about the main characteristics of price action; in addition, a considerable part of this essay will cover Japanese candlesticks and the main psychological aspects behind these formations.Lastly, after the introduction of Fibonacci's trading, I will provide you with a COMPLETE TRADING STRATEGY I use every single day in the market: I will use it to show you how the different aspects introduced in the previous pages can be combined together to set a proper system able to provide you with interesting trading opportunities.
