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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
171: “You Won’t Find This Forex Price Action On Google” w/ Hooman of Forexia
Apr 20, 2022
47:12
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Quick takeaways
- Understanding price action and analyzing candle formations in relation to moving averages is crucial for predicting price movements.
- Mastering risk management, including concepts like margin, leverage, and lot size calculation, is essential for successful trading.
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Importance of understanding price action
The speaker emphasizes the importance of understanding price action and its language in the market. They believe that patterns and indicators are not as crucial as reading candles and analyzing how price reacts to moving averages. By observing candle formations in relation to averages, one can determine the likely direction of price movements.
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