Learn Energies Trading Price Action Strategies

A trader must come up with a energies strategy which they stick to when trading the online energies market. A trader must have the discipline to follow the rules of their energies strategy at all times. That is why it is better to come up with trading strategies which are profitable - profitable energies systems will be much easier to follow and stick to. This is because a trader knows that by following the rules of their energies system they will be successful.

A carefully designed trading strategy that has been back tested & proven to produce profitable results is one of the keys to becoming successful when trading the energies market. This type of strategy will make it easier for the trader to follow the rules of their energies strategy because they already know that the trading strategy is profitable, therefore maintaining the discipline to continue following the energies system will be much easier.

Successful energies strategies will also include:

1. Energies money management guidelines

2.Energies Trading Psychology Mindset

These two will greatly improve the success of any energies system.

However, Let us look at energies price action strategy before explaining more about energies money management and energies psychology.

Energy Trading Price Action Energies Trading Strategies

Energies Price action is the use of energies price movements to determine when to buy or close trades. Energies price action will use the study of energies chart patterns that form time and time again and these energies chart patterns can be interpreted in different ways. The trader will use this energies chart pattern to determine the likely market direction that the energies market is likely to take next based on the energies price energies chart patterns that have been formed on the charts.

In energies price action traders may use different methods to generate energies signals from the chart setups. Some of these methods are:

Candlesticks energies trading patterns - a trader may use the study of Japanese candlestick chart formations which is the study of various candlestick formations along with how to interpret these candlesticks formations. A candlestick pattern may consist of only one energies candlestick or a multiple of energies candlesticks. To learn more about energies candlesticks patterns traders can find these candlestick chart patterns tutorials on the learn energies lessons of this web site under the energies technical analysis concepts.

Support and Resistance Levels - traders can use energies price action and combine this energies price action with support and resistance levels. A trader will wait for energies price to hit the support level to open a buy energies trade and wait for the energies price to touch the resistance level to open a sell energies trade. The concept of trading major support and resistance levels is a very popular method in energies. For example in a upward trend a trader may wait & only open buy energies traders when prices hit support levels - at the same time a trader will take profit once the energies price hits a resistance level and then wait for another pullback to open a buy energies trading again.

To learn more about support and resistance levels traders can find these tutorials on the learn energies lessons of this web site under the energies technical analysis concepts.

Energies Trend lines - traders can also use energies trend lines to determine energies price action direction or the energies trend. For an upward energies trend line that shows the energies market is trending up a trader will open buy energies trades once energies price touches the upward trend line. For a downward energies trend that shows the general market direction is downwards a trader will open sell energies trades once the energies price touches the downward energies trend line.

To learn more about how to trade with energies trend lines traders can find these tutorials on the learn energies lessons of this web site under the energies technical analysis concepts.

Energy Trading Chart Patterns - energies chart patterns is different from candlestick patterns, these are two different methods of technical analysis, and traders should learn more about energies chart patterns in the energies lessons section of this web site under the technical analysis concepts.

Chart patterns is the study of a formation of several candlesticks over a period of time. These patterns are consolidation patterns, energies trend continuation patterns and market reversal energies patterns. Energies traders can use the study of these energies chart patterns to determine the next likely market move.

Energies Trading Strategy Tips

Once a trader has come up with their energies strategy, they should also include the following so as to make their energies strategy more successful.

1.Energies Trading Money Management Rules

2.Energies Trading Psychology

Energy Trading Money Management Rules

Energies money management guidelines should be part of your energies strategy - these rules will help you as a trader to manage risk. This means that you will use the two rules of energies money management - these are risk:reward ratio and drawdown reducing method when placing your energies trades to determine the lot size that you will open in the energies market. The most popular energies money management rule use in energies and the one that you should also add to your trading plan is the rule that says a trader should never risk more than 2 % of account balance on any one single energies trade.

To learn more about these two energies money management guidelines, traders should read the energies money management tutorial that is on the learn energies lessons section of this web site under the energies key concepts lessons.

Energies Trading Psychology Mindset

In order to become successful when trading the energies market a trader has to learn about energies psychology. The energies psychology or mindset that is required to become successful in energies is one that avoids the emotions of fear and greed while trading the energies market and is a mindset of total discipline that a trader will follow all their trading rules and their energies strategy & only trade with trading signals that are generated by their energies strategy. With discipline a trader will not trade unless their energies strategy gives a trading signal. A trader will have the mindset of only following their energies system 100 % all the time without second guessing the energies system. A disciplined trader will also not place trades in the energies market just because the energies market has started to move up or down, instead a trader will wait for a signal to trade to be generated by their energies strategy.

In order to learn more about energies psychology and how to manage emotions while trading the online energies market a trader can read the energies psychology tutorials from the learn energies lessons section of this web site under the energies key concepts guides.