Trading Without Indicators - The Steps You Need

By Peter Thomas

All novice forex traders need to learn an important lesson. The realization must dawn upon them , that all their charts and indicators actually restrain their trading instead of helping them. It takes a lot of time for traders to realizes that.

This may seem senseless, and, admittedly when I first began forex trading, I would have thought the same. But after spending much time trading, I realize the mistakes I was making.

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

My efforts proved futile and all I earned was a headache. I was so attentive to seeking the "right" indicators, that I knew little of the market itself. I turned trading into a money making game instead of seeking long term riches.

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. - 23217

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