| If you are looking at day trading strategies, then it's | | | | You don't even have to pay attention to the price. |
| very important that you start learning about price | | | | This is the most important part of technical trading, |
| action. Sadly, most day traders don't consider price | | | | and instead you are looking at a couple of moving |
| action. They much prefer to use indicators that give | | | | average lines waiting for them to cross each other. |
| off trading signals. | | | | What does this have to do with anything? |
| Day traders should begin to understand the | | | | I understand the alternative of learning price action |
| drawbacks that these indicators have, I know the | | | | may seem very daunting, if you have no experience |
| convenience factor is something that appeals to | | | | with it. But isn't that the case with anything? Doesn't |
| most traders, but its not worth all the negatives. | | | | it all seem complicated when you are first starting |
| For example, I know that trading the crossovers on | | | | out? It's really no different when it comes to the |
| moving averages would be very appealing to | | | | forex trading strategy of price action. |
| somebody who is struggling with their trading. After | | | | It's all about training your eyes to see something that |
| all, the only thing you have to pay attention to is | | | | you are not used to seeing: The actual energy of the |
| whenever these lines cross each other. This should | | | | market. Don't worry it sounds a lot more scientific |
| be your first clue as to what is wrong with using this | | | | than it actually is. Before you know it, you'll be seeing |
| kind of day trading strategy. | | | | price action patterns in your sleep. |