Forex Trading Classes With No Indicators

 

There certainly are a lot of forex trading classes on the internet today.  The biggest problem with most of them is that they rely so heavily on indicators.  There is a problem with that.      

Indicators are inherently lagging.  They are useful if you want to know what has already happened in the market.  But as far as finding out what will happen, they aren't very useful. 

For example, take a look at probably the most common indicator that traders use:  Stochastics.

If you are unfamiliar with stochastics, they are basically used by traders as a way to supposedly tell when the markets are oversold or overbought.  

The generic rule behind stochastics is when the lines cross each other and go below the 80 mark, you are supposed to sell.  If the lines cross each other and go above the 20 mark, you are supposed to buy.

Doesn't that seem kind of random to you?  Of course, it is.  All indicators are like that.  The main goal of indicators is to translate the market into simple rules like that.  The problem is that the market is a little more intricate than that.  It requires more of an in-depth comprehension of what makes the market tick.  

In the forex trading course, Trading In The Buff, the goal is to get traders to not rely on indicators to tell them when to buy or sell, but instead use their own eyes.  The truth is there is nothing that indicators can tell you that you can't figure out for yourself. 

It's all based on understanding price action and trading with the trend.  You see, when you look at a bar or candlestick chart, you'll notice that there are inherent patterns in the movement of the price.  You may not notice it right away, but if you really focus, the patterns are almost impossible not to see.

Your first goal should be to wipe out all the indicators on your charts, and start seeing the market the way it was intended to be seen.  You won't believe that all this information has been right in front of you all this time.

Check out Trading In The Buff to Learn How To Trade Forex Successfully Just Using Price Action.

 Forex-Trading-Education

 

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