In this post I will be reviewing the Price Action Society forex signal service that as the name suggests, is based on price action trading.
Price Action Society is geared towards traders of all experience levels as you do not actually need to know the underlying price action strategies as all of the analysis is done for you by the signal provider.
I would say that it sure would be beneficial if you did understand some of the price action trading principles implemented as I am not a huge fan of “blindly” taking trades without really knowing why you are other than they were a recommendation.
You can technically use the Price Action Society forex signal service on any trading platform including the very popular MetaTrader 4 (MT4) trading platform which is used by millions of traders all over the globe.
There ae hundreds of online forex brokers to choose from although I would always look to use an ECN forex broker for the best possible trading conditions including tight spreads, low commissions and reliable trade execution speeds.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Price Action Society Trading System
The Price Action Society is a set and forget approach to manual trading. They send you signals based on their price action analysis along with pre-determined entry price, optional stop loss and take profit levels. You can be selective on the trades that you opt to take and also use your own market analysis to further filter the signals if you wish.
The developer states that they prefer to try and trade breakouts in order to trade with momentum and trends. They go on to state that they also trade reversals giving the right market conditions. Furthermore, they claim to use their own proprietary indicators to help narrow down trade opportunities across more than 30 Forex pairs, with up to 3 to 7 trade ideas per day.
Whenever there is a new trade signal, you will get it directly in your phone via Telegram. They trade on H1 and H4 time frames with the reasoning being they want to filter out noise from the lower time frames, something that I like to do myself when manually trading.
Price Action Society Summary
Overall, the analysis seems decent enough from the provided trade examples on the Price Action Society official website although I believe it would be beneficial for any aspiring trader to study price action for themselves and learn how to interpret these trades. I would certainly be verifying them with my own market analysis.
The Price Action Society signal service includes easy to follow setup instructions, support but no money back guarantee.