What is Price Action in simple terms
In short: Price Action is trading from a "clean" price chart without indicators: candles, levels, trends and how price reacts at key zones. Smart Money and the Wyckoff method are essentially developments of the same idea.
What it looks at
Candle shapes (pin bar, engulfing, inside bar), the structure of highs and lows, false breakouts of levels and how price behaves when it returns to a zone.
Benefits for beginners
A chart without indicators is quicker to read, and decisions are made on current price rather than a lagging signal. The downside — it takes practice to tell a meaningful signal from noise.
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Trading on financial markets carries a risk of losing money. This material is educational and is not investment advice.
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