Forex Price Action Basics - Lesson 5: Why is this important?
Previous lesson, Ranging Markets...
So far in this Forex Price Action Basics course we have covered the basics of price behaviour and how to read basic price action, including understanding Japanese Candlesticks, how Forex price ranges and how Forex price trends. So, why is this important? Is there a reason why you need to learn the content of this course? The answer is yes!
Trading Forex profitably, using technical analysis, is all about understanding where current price is and where price is likely to be in the future. If future price is going to be higher for a particular Forex pair, then buying (going long) that Forex pair will likely result in a profit. If future price is going to be lower for a particular Forex pair, then selling (going short) that Forex pair will likely result in a profit. Understanding how price trends and when price is not trending can help with your Forex technical analysis and predictions.
In the video below you will receive some great insights into why the content of our courses is so vital in trading Forex and how it can help you become a profitable Forex trader.