Learning To Trade Without Indicators

By Peter Thomas

An important lesson for new traders seeking to find the right kind of Forex Trader Training is that while the indicators that you view on the charting platforms may seem like they are helping; the truth is they are a restraint to your trading.

You will find this quite illogical and hard to believe. I myself would have disbelieved it if someone were to tell me this during my initial period of forex trading.

During the beginning I had tried every indicator to make profits. You name it, and I promise you that I tried it.

Everything I tried went wrong. I focused too much on using the indicators and learnt very little about forex market. I thought, using indicators was a short cut to become rich. That was a really big mistake.

I treated the indicators as if the numbers where some type of fortuneteller and it did not occur to me to seek out the complete market picture. I never noticed what was happening in the currency markets.

All new traders make this mistake. They should realize that a simple bar chart is all the need for technical trading. Price action is the basics of trading and as old.

Price Action is about the traders understanding of how price movements really work. These price movements then can be used to predict where the future of the price is headed.

With all the unnecessary filler out of the way, the basic bar chart will lead you to find surprising results. - 23218

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