Price Action Society Review

In this article, I’ll be diving into the Price Action Society forex signal service, which, as the name implies, relies on price action trading principles. This service is designed for traders at every experience level, meaning you don’t have to grasp the underlying price action strategies—everything is analyzed for you by the signal provider. However, I do believe it helps to have a basic understanding of price action trading concepts. Personally, I’m not a fan of taking trades without knowing the rationale behind them, aside from them being recommendations. It’s crucial to comprehend the principles at play and adapt them to fit your unique trading style, as everyone approaches trading differently. There’s no universal solution when it comes to trading online.

Price Action Society Review – Examples from the Past

You can use the Price Action Society forex signal service on any trading platform, including the widely used MetaTrader 4 (MT4), which is favored by millions of traders worldwide. You can easily download MT4 for free from most forex brokers, and I find it to be one of the most user-friendly platforms available, making it a great starting point for newcomers.

With countless online forex brokers to choose from, I always recommend opting for an ECN forex broker to experience the best trading conditions, such as tight spreads, minimal commissions, and reliable trade execution speeds. One of my favorite brokers is IC Markets due to their ample liquidity, allowing you to execute trades at some of the best prices in the forex market at all times. They also offer outstanding customer support available 24/7 and provide various convenient options for funding accounts.

Price Action Society Trading System

The Price Action Society follows a “set and forget” approach to manual trading. They send you signals based on their price action analysis, along with a predetermined entry price, optional stop loss, and take profit levels. You have the flexibility to choose which trades to take and can also apply your own market analysis to further refine the signals if you desire.

Price Action Society Review – More Examples

According to the developers, they prefer trading breakouts to capitalize on momentum and trends. They also mention trading reversals under the right market conditions. Additionally, they claim to utilize proprietary indicators to identify trading opportunities across more than 30 forex pairs, generating 3 to 7 trade ideas daily.

Whenever a new trade signal is available, you’ll receive it directly on your phone via Telegram. They operate mainly on H1 and H4 time frames to filter out noise from lower time frames, which is something I also prefer when trading manually.

What is Price Action Trading?

In essence, price action trading is a technique that enables traders to interpret the market and make subjective trading decisions based on recent and actual price movements, rather than solely depending on technical indicators. While price action trading isn’t foolproof—no trading system or strategy is guaranteed to be correct every time—it has proven to be quite accurate when applied correctly alongside solid money management.

The connection between ongoing price movements and current price levels is significant. Price action trading strategies can be particularly advantageous for day traders since they utilize information that is accumulating in real-time. However, it requires patience, as traders must wait for confirmation at support and resistance levels, which could manifest as a Pinbar or Engulfing pattern. By waiting for confirmation, traders might miss opportunities when the price simply “touches and goes.”

Opportunities on time frames shorter than 30 minutes can be fleeting. To trade effectively, you need to keep a constant eye on the price action. For intraday time frames exceeding 30 minutes, checking the price action periodically throughout the day is essential.

While price action trading is straightforward, it encompasses various disciplines, such as Japanese candlestick patterns, support and resistance, pivot point analysis, Elliott Wave Theory, and chart patterns.

Price Action Society Summary

Overall, the analysis seems reasonably solid from the trade examples provided on the Price Action Society official website, but I believe any trader interested in this service should study price action independently to learn how to interpret these trades. Personally, I would be verifying their signals with my own market analysis.

It’s crucial to remember that there’s no guarantee of results when following trading signals. Past performance does not predict future results. Trading is inherently risky, so it’s vital to ensure you never risk more than you can afford to lose.

When considering any forex signal service, I would first look for real, verified results. Without these, we won’t have a clear understanding of how the forex signals have performed historically. This information could also provide insight into the types of trading strategies being employed, helping you determine if they align with your preferred trading style.

If I were to copy forex trades, I would start with a demo trading account. This allows me to gauge the kind of signals to expect and assess whether they meet my expectations. Most forex brokers offer a free demo trading account. Once I’ve built confidence and experienced some success, I would then think about transitioning to a real live account. The Price Action Society signal service provides easy-to-follow setup instructions and support, but there’s no money-back guarantee.

$147
5.7 Features
6.0/10 Usability
6.0/10 Results
5.0/10

Pros

• Price Action Trading
• Manual Trading Signals
• 30+ Forex Currency Pairs
• Compatible with Any Trading Platform
• Works with Any Forex Broker
• Versatile Trading System
• Full Support
• Detailed Instructions

Cons

• No Verified Results
• Quite Complex for Beginners
• Requires User Input

I’m a self-proclaimed Forex Geek who spends my days researching and testing everything related to forex. With many years of experience in the forex industry, I’ve reviewed thousands of forex robots, brokers, strategies, courses, and more. I freely share my knowledge to help you navigate the fascinating world of forex trading! Learn more about me at https://findnomore.net.