One of my favorite trader,Paul Tudor Jones once said “I believe the best Money is at the market turns, Everyone says you get killed trying to pick tops and bottoms – Well for 12 years ,I have missed the meat (Trend)in the middle but, I have made lot of money at tops and bottoms”.
Price action is a study of technical analysis that can bring quite a bit of benefit to the trader. By focusing on price and price alone, investigating previous movements and how markets have reacted – traders can look to get the cleanest technical picture of a given market that might be available.
We know the famous statement,95% of retail traders are losers and I don’t know if this is true! because there is no clear evidence or statistics about that.But regardless,the question you must be asking yourself is “What are those 5% of traders doing that set them aside from the losers”. The internet is filled with clever marketers that know how to target those emotions of yours in fancy sales pages.They promise you the world and build up your hopes high, only to disappoint you with a crappy low quality product that doesn’t work.