If there is one aspect
or trading method that is completely overlooked in the forex market it would have to be price
action. This forex trading strategy should be a part of any trader's
To put it simply, its
like seeing the market's energy. By looking at a simple
bar chart, you can literally see how what kind of market sentiment that traders
You can figure out the current trend. This is something
that you hear about all the time. You always hear traders say "know which way the trend
is". Most don't have a clue.
It's obvious looking at
how many people fail to make money in the forex market, how many traders are constantly trading
against the trend.
I'm not saying you won't
have a winning trade if you ever go against the trend but it's a lot easier when you are going
Going against the trend
is like trying to catch a falling knife. Sure, you can catch it without cutting yourself, but its
So, how can
you tell where the trend is headed?
Well, I'll give you a
clue. You're not going to find it with a moving average indicator.
All you'll ever need is simple price
action. in my currency trading
education course Trading In The Buff, I go over how you can use longer time frames to
dictate the current trend of shorter time frames, that way you know you are trading in the right
But for those that want a simple way
to tell which way the market is trending, just pull up some charts and read from left to
I'm serious. Pull up a
chart and start from the left hand side and see which way the price has been headed.
If its way below from where you started, then we are obviously on a downtrend and you
should be looking for good selling opportunities.
It it's a lot higher than when you
started, then we are on an uptrend, and you should be looking for buying
That's it. Simple as
People feel the need to complicate
trading, but it really doesn't have to so complex.
Think less is more,
and I guarantee that you'll be a happier trader.
When I say less, I mean
less indicators, less bells and whistles, less
gimmicks, less everything.
When you learn about price action,
you get to see the market in its purest form. After that, nothing else could match
out Trading In The Buff to Learn How To Trade Forex Successfully Just Using Price