Price Action Trading Secrets is an online trading course that aims to teach traders price action strategies, tools and techniques. These can then be implemented within your day trading activity to help assist with a more comprehensive market analysis for manual trading.
The Price Action Trading Secrets package was put together by popular forex educator Rayner Teo who is perhaps most well-known for his TradingwithRayner educational courses. You can find out more about those in my in-depth TradingwithRayner Review.
However, here we will specifically review the Price Action Trading Secrets program to see what it offers and if it can be of any use to help you achieve your own trading goals.
What is Price Action Trading Secrets?
Price Action Trading Secrets can probably be best described as an educational forex course that is designed specifically with the beginner trader in mind. This is because it primarily covers concepts that the majority of traders who have any experience, are already most likely to be aware of.
Anyone who has watched some charts and can identify a candlestick pattern, already has some knowledge of price action. That being said, there is plenty of content included, so even those who already have previous price action experience, may still learn something new.
Through the Price Action Trading Secrets course, Rayner wants to teach traders how to consistently take advantage of the market with a simple trading strategy — without relying on any technical indicators. Ironically, the guide doesn’t include a set-in stone trading strategy but rather provides the knowledge required so that you can interpret your own price action signals.
Price Action Trading Secrets is a 140-page full-colour trading book that teaches you how to understand the price action that occurs within the markets so that you can then interpret what the markets are telling you and adapt the right trading strategy for it. It is also available as a digital download when you purchase, in addition to the physical book. Any updates to the Price Action Trading Secrets are provided free via the digital version.
It can potentially help you to better time your entries, exits, and identify possible market turning points—without relying on trading indicators, fundamental news, or signal services. Although I would certainly look to combine those types of market analysis to form a more complete trading strategy.
Price Action Analysis can be implemented on any trading instrument, including Forex, Stocks, Futures, Commodities, Gold, Silver, Oil and Cryptocurrencies. It can be used by day traders, swing traders, or position traders.
Price Action Trading Secrets Features
Now you have a good idea of what the Price Action Trading Secrets is designed for, let’s take a look at some of the key things included:
- The ten natural laws of trading
- The four types of market structure every trader should know
- How to tell when Support & Resistance may be about to break
- How to read candlestick patterns so you can better time your entries & exits
- How to ride trends in bull & bear markets
- How to capture swings in the market so that you can buy low and sell high
- Hybrid Technique to capture swings and trends at the same time
- How to develop winning trading strategies to beat the markets
- MAEE Formula: A simple trading strategy without indicators for bull & bear markets
- MBEE Formula: A breakout trading strategy
- DERR Formula: How to quickly transform your trading
- How to quickly record your trades in less than a minute so you can fix your mistakes
- How to identify hidden strength and weakness on the charts so you can anticipate market reversals ahead of time
- How to manage your trades and exit before the markets turn against you
- 70+ charts and examples so you can easily understand the trading strategies and concepts
In addition to the price action analysis package, you also get access to bonus price action tutorials, position size calculators, and more.
Positioning Size Calculator
The position size calculator is included free with the Price Action Trading Secrets book. This can make calculations for position sizes quick and easy, avoiding any complex mathematics or formulas. There is a step by step video and the position sizing calculator will automatically show your chosen position size.
Part-time Trading Secrets
The Part-time Trading Secrets are practical trading strategies for the part-time trader. They are designed for those with less time to watch the charts, with longer-term trading strategies like swing trading or position trading. It includes a training webinar and simple trading strategy template.
What is Price Action?
I prefer this approach as I find that fixed trading systems that follow the principle of “buy if this happens” and “sell if this happens”, can actually become too rigid and not always adaptive to the ever-changing market conditions. That is one of the key points of price action analysis, it shows what the market is doing at this very moment, rather than in insight as a lagging indicator may.
You can therefore adapt price action analysis to any market scenario, whether that be a trending or ranging market. It gives traders complete freedom to implement price action according to their own preferred trading style. That could be short term trading such as scalping or long-term swing trading. Price action principles apply across all timeframes and trading instruments.
I would personally prefer to trade on the 1-hour charts and above as I find that they tend to filter out some of the noise from the lower timeframes. Furthermore, I also prefer major currency pairs such as the EUR/USD and GBP/USD. This is because they usually have some of the most liquidity and thus can provide rapid execution speeds at the best possible prices, especially if using an ECN forex broker.
Price Action Trading Secrets Cost
The Price Action Trading Secrets cost $14.90 for the US and $18.90 for international orders. You should expect to get it within 3 weeks. That includes the following:
- The physical book of Price Action Trading Secrets
- Digital edition of Price Action Trading Secrets
- Position sizing calculator
- Part-time Trading Secrets
Price Action Trading Secrets Summary
Let’s get this straight, there is no holy grail. There is no 100% no loss system that won’t blow your account eventually. However, there are important trading principles that can be used to assist with making informed trading decisions, and price action analysis is one of them. For that reason, I do see some benefit to completing the Price Action Trading Secrets course, just don’t expect a set and forget system that will make you rich overnight.
Instead, I would apply the lessons learned in accordance with additional technical analysis, fundamental analysis along with sound money management principles and intense trading discipline. These factors when combined together, can help to achieve an edge when trading the forex market. Price action trading is a discretionary trading approach with some elements of subjectivity.
Always keep in mind that trading online carries a significant amount of risk. This information is only for educational purposes and there are by no means any guarantees whatsoever on how well this or any other software, service or strategy, will perform. Do your own research and make your own informed decisions.