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.