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by Jon Page

If I was forced to pick one single technique that most forex traders don’t know about, but should learn about, it would have to price action. The reason I feel this way is because if you studied the history of trading, you’d know that the most successful traders in the world used it.

The interesting thing about price action is that it means something different to each individual. But what’s important about it, is that it can be used to predict future price movement.

The are, of course, other factors involved such as the ability to comprehend fundamental analysis, to name one. But if you are interested in technical analysis, price action is an absolute must.

The problem is most people give up on the idea of understanding price action, due to the fact that they have become crazy for technical indicators.

I can speak from experience when I say that I went absolutely bonkers over the fact that I could use all the toys that came with my forex platform. I must have played around with Gann lines, moving averages, and anything else I could get my hands on.

If you were able to make money using these tools, I salute you, because not too many people can.

The moment I realized that all I ever needed was to understand price movement. It was like I was using these indicators and systems to teach me the language of the market instead of learning the language myself.

If you are one of the many people who are really having a hard time succeeding, I suggest you take that time to learn the right way to trade the market, and that involves using price action. Once you do, you won’t go back.

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