Question
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Can we depend on pure PA?
10 Answers
<p id="isPasted">In order to determine the potential profit, you will need to combine them with other analyses. </p><p>You need to be trained and understand how forex works before you can decide. You can strategize to gain an advantage over them.</p>
<p>Price action analysis can be a useful tool for making trading decisions, but it should not be relied upon as the sole method for making investment decisions. Price action is simply the study of price movements, without relying on indicators or other technical analysis tools. It provides information about the market sentiment and can be useful for identifying trends and potential trading opportunities, but it does not consider other factors such as fundamental data and economic news that can impact market prices. Therefore, it is important to use price action in conjunction with other forms of analysis and to have …</p>
<p id="isPasted">Indicators are the major reason for traders to lose money in the market. Indicators look good on the chart for analysis purpose post facto. Almost all indicators are lagging, while in real time they may give a signal which can lead to whipsaw, stop loss, etc.</p><p>Professional Traders know this, and also the fact that markets move sideways more than 70% of the time. Hence, trading with price action is ideal. In case the indicators are used as a primary trading tool, losses are bound to happen.</p>
<p id="isPasted">Yes, it is possible to depend on pure price action to trade successfully. However, it is important to understand that price action is not a perfect science, and there is no guarantee of success.</p><p>Price action traders rely on the analysis of price charts to identify patterns and trends. They use this information to make informed trading decisions.</p><p>Price action trading can be a very effective way to trade, but it is important to remember that it is not a get-rich-quick scheme. It takes time and practice to learn how to trade price action effectively.</p><p>Here are some of the …</p>
<p id="isPasted">Whether you can depend solely on pure price action for trading success is a complex question with no simple answer. It depends on a variety of factors, including your trading style, experience, risk tolerance, and the specific markets you trade. Here's a breakdown of both sides:</p><p><strong>Pros of pure price action:</strong></p><ul><li><p><strong>Simplicity: </strong>Price action analysis focuses on the raw price movements, eliminating the need for complex indicators and overlays, which can be overwhelming for beginners.</p></li><li><p><strong>Flexibility:</strong> Price action patterns can be applied to various markets and timeframes, offering adaptability to different trading styles.</p></li><li><p><strong>Direct market interaction:</strong> By focusing solely on price, you engage directly …</p></li></ul>
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