Why price action isn’t everything for trading
We can’t answer the question of ‘What is price action?’ and not discuss some of the disadvantages of this trading method. The first thing that you should realize is that price action can be interpreted in multiple ways which means it shouldn’t be the only tool used for trading at CAPEX. One trade might see a pattern as being bullish, whereas another trader might see it as being part of a bearish trend.
Plus it’s a trading method that might require a fair amount of effort to pull off successfully, as you won’t be able to automate your trades for reading the price action patterns. But as long as you realize the fact that price action trading is just one tool at your disposal, you’ll find it to be a great way to guide your online trades.
Conclusion – Try price action trading at CAPEX
We hope that we’ve successfully answered the question of ‘What is price action?’ You’ll see that it’s a powerful way of focusing your attention on the price of a security over time, and it does away with other technical indicators. As such, price action trading can be used in a flexible way to get better entries and exits than you’d get if you relied upon indicator-based trading. Plus it can be an excellent strategy to include alongside other online trading strategies.
While price action trading requires plenty of skill and is notoriously subjective, it offers you an excellent way of paring your trades down to the essentials. As such, this kind of trading is perfectly suited to trades on all of the CFDs featured at CAPEX. So now that you know the answer to the question of ‘What is price action?’, you just need to sign up and start price action trading.