Forex Design

How can I design a forex trading system based on price action?

I HAVE NOT COME ACROSS AN ARTICLE WHICH DEFINES AND EXPLAINS PRICE ACTION.

I’m not too sure what you mean but here I go…

Price action in forex is basically governed by supply and demand theory – if there is demand for the currency it goes up. If there isn’t price goes down. If there is too much supply, currency goes down and if there isn’t enough, currency goes up. That’s the simplest explanation – you might want to search around for supply and demand theory.

Most forex systems are based on price action because most traders use charts – technical analysis which depends on price action.