Price action trading makes decisions based purely on the raw movement of price on a chart — candlestick patterns, support and resistance, and swing structure — without relying on lagging indicators like moving averages or oscillators. Proponents argue it reflects supply and demand more directly and adapts faster to changing conditions than indicator-based signals.
It's not indicator-free by necessity so much as indicator-light by philosophy; many price-action traders still use a handful of tools like key levels or trendlines alongside candlestick reading.
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Choosing a Trading Platform: MT4, MT5, cTrader and the Broker's Own
The platform decides which orders you can place, whether your stops survive a closed laptop, and how much you would have to rewrite to leave. What actually differs between the options — and the point where the platform stops mattering and the broker takes over.