I successfully followed babypips course recently.:57: That was a valuable experience to learn basics. Now I want to know your ideas and recommendations on advanced forex trading courses. I am interested to learn more about price action trading. I am looking for answers on below questions. Please help me to find good forex advanced course. Thanks in advance.
Name of the forex course/s ?
Course content in Brief ?
Did you follow it ?
If yes what are the benefits ?
Cost of the forex course ?
Ability to learn via online ? Webnairs,videos,online materials available ?
Price Action Trading system is very easy to learn and it available on net as FREE. There are lot of Price Action Trading System sellers out. They are selling what they copy from the net and paste in a PDF file.
Never Ever Pay for Price action courses. Just Google Price Action Trading, you will see lot of Price action teaching sites.
Price action is not easy and it is much more that doji patterns and S/R.
Regarding courses, there is excellent free material and excellent paid material.
In babypips you can find threads from ICT, starting with “what every new or aspiring forex trader still wants to know”, he is a price action trader and his materials are excellent and free.
Regarding paid courses, I found the materials from both Chris Lori (Price action trader) and Raghee Horner (Indicators and price action) of excellent quality.
Also you can find very valuable information on the books from people like Larry williams (price action), Murphy (general tech analysis and intermaket analysis), and others like Street Smarts (patterns…).
Which does not [I]necessarily [/I]mean that the stuff does not work, just obviously don’t pay if you don’t want to, the free stuff can still be helpful!
What is really meant by Price Action then? I think I’m wrong about my understanding with Price Action. What I know about Price action is a trading system without any type of Indicators.
Do chris lori and raghee horner teaching this type of systems? I have lori’s education with (12 discs). I didn’t see there any Pure Price action material.
I’m done. I have no intention to arguements. I just post from my mere knowledge.
First off, I’m going to agree that trading price action is simply about a trading system with no indicators. I think this is way too rudimentary understanding of what price action really is. Sure, if you check out some of the vanilla threads here, you would think price action is just about engulfing bars, inside bars, pin bars + support and resistance levels, but this is a freshmen (or best sophomore) understanding of what price action is.
Price Action is the result of order flow. No buyers or sellers, no price action. Engulfing bars and pin bars are the ‘result’ of order flow. They can be the cause of ‘new’ order flow, but they are the result, not the original cause, which is institutional buying and selling. Retail order flow does not move the market, so price action is the result of institutional order flow.
If trading price action was a simple as a few patterns and S/R levels, then why do banks spend tens of thousands of $$$$'s training their bank traders and employees when it could be so simple? Its not, and if you really want to trade price action, then you have to learn how to read the order flow behind the market, who is controlling the market, where are they buying and selling, who is trapped, who is buying or selling out, where are stops clustered, and what will that do to prices. It is these types of order flow environments that drive price action on a daily basis, along with algos and HFTs.
So I am going to disagree that price action is simply just a system without indicators. It is learning to read the order flow behind the market, and learning to read price action in real time to see institutional activity reflected in the price action.
If trading price action was a simple as a few patterns and S/R levels, then why do banks spend tens of thousands of $$$$'s training their bank traders and employees when it could be so simple? Its not, and if you really want to trade price action, then you have to learn how to read the order flow behind the market, who is controlling the market, where are they buying and selling, who is trapped, who is buying or selling out, where are stops clustered, and what will that do to prices. It is these types of order flow environments that drive price action on a daily basis, along with algos and HFTs.
he he he… Let me say I don’t want to learn the order flow. I have no intense knowledge about order flows. Order flow happens in the support and resistance levels ( I think). Price Action is a trading system (which I know) is trade what you see not what you think. So if there is a Pin Bar in support then trade it for a buy. You see that is a rejection and flow of supply and demand.
Above you mentioned things like who controlling the market, where is the stop, where are they buy and selling is not price action strategy. Those are other systems and may have indicators. I didn’t see any price action professional traders teaching above things.
Thanks you very much for the reply. I know there are so many threads available. But with the work and all it is really hard me to follow threads at the moment. However I will follow your above thread to get some ideas.
Thank you very much your feed back. IMO it is bit hard to identify PA without proper guidance. For me it is too hard. That’s why I am looking for courses. Once again thank you.
Good reply so far. I also heard about order-flow and really interested to get comprehensive knowledge about these things. I saw your above thread and found very interesting. Will follow it. Thank you very much.
Thanks for your reply guys. But Guys please don’t argue here. I am looking for your help to improve my knowledge on price action trading. Only valuable comments please.
