Why Price Action Trading Works? Understanding the Big Players

This special 8th Anniversary Webinar, "Why Price Action Works?", was so powerful that I needed to split it into 3 articles. Navin decided that after 8 years, it was time to let some secrets out and raise your game.

Where do we as Price Action Traders fit into the market?

We are here to make money, right? That's the goal.

But what is a Price Action Trader? 

A Price action trader is someone who looks at price and determines value. It means you are no longer trading with indicators.

But what if you have become the indicator? 

The average person who is Price Action Trading is not really trading, the average trader is chasing the market. So it's essential that you know how to be more than the average price action trader, and instead how to get into that 5% group of elite traders who actually make money and have success.

Big Players know how to Play the Game

It's common to think that the big boys play to win, but in reality, they play not to lose.

• If profit: then 500%
• If loss: then -30%

Is this a good deal? 

It looks good to me, it has good risk to reward, it makes sense!

But this is not how the big boys look at it.

They see this:

• If loss then -30%

"If there is a loss", means that there is the possibility of a loss, and do the big boys risk losing?

Nope, they don't like to risk losing at all. 

They won't put there neck on the line to make money, but they will use someone else's neck to make extra money.

The golden rule of the big boys is one of the most important golden rules that Navin will teach you - CONTROL RISK! Don't focus on the profits, when you control risk you grow.

Navin gives more insights into how the Big Players work at 11.34 min in the webinar.

That's it for part 1, but don't worry there's plenty more good stuff here in Part 2 of "Why Price Action Trading Works?: Mysteries of Human Behavior" and Part 3: Spotlight on the Money Spot.

Don't miss the next live webinar - Sign up below!

With Pip Love,

Garry at Urban Forex