best price action trading strategies for beginners | Day 4 | basics of stock market for beginners
Previous Video Links:
best price action trading strategies for beginners | Day 1 | basics of stock market for beginners : https://youtu.be/KDkh4jzpdfE
best price action trading strategies for beginners | Day 2 | basics of stock market for beginners : https://youtu.be/6JeJFfUrTOE
best price action trading strategies for beginners | Day 3 | basics of stock market for beginners : https://youtu.be/7blxtiN1hYs
Basics of stock market
If you are just a beginner in stock market then you need to know about the basics of Stock Market which we provide in Share market for beginners course, where you will learn about technical analysis.
For newbie we have Price Action for Beginners.
What is price action trading?
Price action trading is nothing but retracing the price where the big boys or institution have a huge impact.
By understanding these price action patterns where supply and demand of the stock lies, we can design the best price action trading strategies.
In Price Action trading strategies and trading strategies for beginners the first and foremost you need to understand about candlesticks & candlestick patterns.
Candlestick patterns are formed due to the price variation in the market caused by the changes in supply and demand zone.
For example in the script, price moves such as rally base rally & drop base rally consider as demand zone, drop base drop & rally base drop know as supply zone.
By understanding these zones we can derive supply and demand trading strategy.
Supply and demand trading strategy are also known as support and resistance strategy.
In general market moves in between support and resistance and this movement is called sideways and if the price breaks the resistance then it is called Bullish or upwards, if it breaks the support then it is called Bearish.
Predicting which support and resistance are the strongest and trading with the guidelines of its level is called support and resistance trading strategy.
Even in stock market crash they try to respect the demand level before becoming a strong bearish market.
These Stock Market courses videos in this channel covers stock market for beginners and investing for beginner. It is the place where you learn Price Action Trading Strategies, Central Pivot Range Trading Strategy, Supply and Demand or Support and Resistance Trading Strategy, Camarilla Trading Strategy and etc…