Most traders are familiar with technical and fundamental analysis. There are several ways to use these two methods forex trading plan price action analysis analyse the forex market, but, in general, fundamental analysis examines the reasons that the market moves and technical analysis tries to find out when the movement will occur.
There is a third approach for analysing stock market prices and forex prices. VSA is an improvement upon the teachings of Richard D. Wyckoff, who began stock trading in 1888 at the age of 15. In the 1910s, Wyckoff published his weekly forecasts which were read by over 200,000 subscribers.
His mail-order courses are still available today. Moreover, the Wyckoff method is offered as part of the curriculum at Golden Gate University in San Francisco. Wyckoff was at odds with market analysts whose trading was based on chart formations. Tom Williams, a former professional stock market trader in the 60s and 70s improved upon the work that Wyckoff started. Williams was in a unique situation that allowed him to develop his own methodology. His research has been available since the 1993 publication of his “Master the Markets” book.