If you’ve ever tried to make sense of the Forex market and found yourself scratching your head, ‘Trade the Price Action – Forex Trading System (Technical analysis Book 7)’ might just be the companion you need. This book promises a straightforward, proven system that’s designed to help traders—both rookies and veterans—navigate the daily ups and downs of currency trading using simple price action techniques. Think of it as a roadmap that avoids the usual indicator jungle and costly automation stuff. Instead, it leans on pure price charts and smart rules. So, why all the fuss? Let’s take a closer look.
Key Features
The core of this book revolves around what it calls the Price Action Trading System, boasting a winning rate north of 90%. Sounds impressive, right? Well, it breaks down to a few essentials:
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Trend Analysis Based on Pure Price Action: Forget complicated formulas. The system teaches you to read the market’s trend just by observing price moves. It’s like reading tea leaves, except these leaves come from charts.
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Key Support and Resistance Zones: These are the market’s invisible guardrails — points where you’re more likely to see prices bounce or break through. Knowing them helps you decide when to jump in or sit tight.
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Fibonacci Retracement Levels: If you’ve ever heard about the ‘golden ratio’ in markets, this is it. The book uses Fibonacci levels to pinpoint precise entry points, aiming to stack the odds in your favor.
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Reliable Candlestick Patterns: Timing is crucial. The guide highlights trustworthy candlestick formations that signal when to enter or exit a trade. No guesswork here — just simple visual cues.
What really sets this book apart is the disciplined approach it advocates. It spells out clear rules for when to enter, when to exit, and how to place stop losses to minimize risk. Every trade targets at least a 1:3 risk-to-reward ratio, meaning you’re aiming to make three times what you risk losing. Not bad for a trading plan that tosses the complex indicators out the window.
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Pros & Cons
Reading through customer feedback, a pattern emerges. On the positive side:
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Many appreciate how the book simplifies forex trading. One reviewer even noted it could be read in about an hour—which is great for busy folks.
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The explanations are detailed enough to help beginners grasp the core strategies without feeling overwhelmed.
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It holds value as a solid entry-level guide to price action trading, especially if you want to avoid flashy jargon.
However, it’s not all smooth sailing:
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Several readers flagged that the writing quality leaves something to be desired. Spelling mistakes and awkward phrasing pop up, which can be distracting.
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Visual materials, especially candlestick illustrations, get mixed reviews. Some find them helpful, but others say the images are unclear or difficult to interpret.
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For those expecting a beautifully polished manual, the presentation might feel a little rough around the edges.
Still, with a solid 4.3-star rating from over 400 reviews, the consensus leans toward a worthwhile read, especially at no cost.
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Who Is It For?
If you’re the kind of trader who prefers to keep things simple—no fancy indicators, no expensive software—this book could fit your style nicely. Beginners eager to understand price action trading without getting lost in technical mumbo jumbo would find it useful. It also suits anyone who wants a clearly defined system with strict rules for managing trades and risks.
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On the flip side, if you’re looking for a highly polished, professionally edited text or detailed visual aids, you might find some frustrations here.
Final Thoughts
“Trade the Price Action – Forex Trading System” serves up a no-nonsense approach to Forex trading that sticks to the basics: price trends, support and resistance, Fibonacci levels, and solid candlestick patterns. Its strength lies in its simplicity and rule-based method, making it a great primer for those ready to trade smart without the clutter of complicated tools.
Yes, the writing could use a little polish, and some visuals could be clearer, but the heart of the system works. If you’re committed to learning and following a disciplined trading plan, this book offers a practical blueprint. So, if you want to unlock profits by mastering price action in Forex, you might find this guide a helpful first step on that journey. As with any trading book, remember: success comes from patience, practice, and sticking to those rules—even if the pages feel a bit rough around the edges.
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