An active forex trader will answer anything! Everyone's Q&A [Traders Securities Everyone's FX Iguchi Yoshio]
There is no one to challenge your doubts, and even research doesn’t make things clear… If you have such concerns, leave it to this project. Mr. Inokuchi from Treiders Securities will resolve your questions!
※This article is a reproduction and revised edition of an article from FX攻略.com July 2018 issue. Please note that market information written in the main text may differ from current market conditions.
Profile of Yoshio Inokuchi
Iguchi, Yoshio. Trading Desk, Market Division, Treiders Securities. Certified Technical Analyst. He has been engaged with financial institutions since 1998, primarily handling covering dealing in the commodity markets of precious metals and petroleum products. Since 2009, he has been at Minna no FX, conducting dealing activities focusing on USD/JPY and major European currencies. He is proficient in forex analysis from a fundamental perspective and is also highly regarded for his short-term forecasts using technical analysis. Recently, he has appeared in Minna no FX's free online seminars, where his clear lectures have been well received. Additionally, on Twitter, professional dealers share real-time opinions on the market, so be sure to check it out.
Twitter：https://twitter.com/yoshi_igu
Q20. I often hear the term "price action." How do you read the market just from the movement of candlesticks? (Hyogo Prefecture / in her 50s / female)
A. Price movement is determined by the participants’ expectations. The answer is hidden in the price action inferred from candlestick behavior.
Professional analytical method favored by interbank dealers
When looking at charts, the method of understanding participants’ intentions and situations from candlestick movements is called price action analysis. This is a professional analysis method favored by dealers in the interbank market. Like fundamental analysis and technical analysis, there is no guaranteed method that will always work in every situation. It is, at best, a method for high-probability market analysis and increasing the likelihood of successful trades. Nevertheless, price action analysis is an extremely refined method for executing trades, on par with the other two methods. This time, we will explain its overview.
