Before we delve into price action trading features, have you ever pondered the meaning of price?
Market prices are more than just numbers and trajectories formed by their change.
Those flickering digits on the screen actually carry an enormous weight of information!
According to the renowned economist and Nobel laureate Milton Friedman, prices communicate with
society in three ways.
Prices transmit information, incentivize resource users to be guided by the price data, and encourage
the resource owners to follow such information.
Pretty complex, isn't it?
The point is there's a depth of insight into why the prices are where they are.
Notice that we mentioned resource users and owners – these smell like fundamentals.
You can't really argue that price analysis is one thing and assessment of the real economy is another!
Although, it's people who form prices, and we're not so precise sometime
Market prices are more than just numbers and trajectories formed by their change.
Those flickering digits on the screen actually carry an enormous weight of information!
According to the renowned economist and Nobel laureate Milton Friedman, prices communicate with
society in three ways.
Prices transmit information, incentivize resource users to be guided by the price data, and encourage
the resource owners to follow such information.
Pretty complex, isn't it?
The point is there's a depth of insight into why the prices are where they are.
Notice that we mentioned resource users and owners – these smell like fundamentals.
You can't really argue that price analysis is one thing and assessment of the real economy is another!
Although, it's people who form prices, and we're not so precise sometime