Price Action Trading #Tradingview #Trading #Stocks

Topic -

Price action describes the characteristics of a security’s price movements. This movement is often analyzed with respect to price changes in the recent past. In simple terms, price action trading is a technique that allows a trader to read the market and make subjective trading decisions based on recent and actual price movements, rather than relying solely on technical indicators.

Since it ignores the fundamental analysis factors and focuses more on recent and past price movement, price action trading strategy depends on technical analysis tools.

KEY TAKEAWAYS
Many day traders focus on price action trading strategies to quickly generate a profit over a short time frame.
Traders using a price action trading strategy take positions according to their subjective and technical analysis.
Several tools and software platforms can be used to trade price action.