Trading Without Indicators - The Steps You Need

By Peter Thomas

New forex traders may think the indicators on their charting platforms are helping, but in actuality, their trading his being restrained. Most people arent aware of this fact.

It may sound irrational and if some had mentioned this when I first began Forex Trading, I would have thought they were sabotaging my efforts.

When I began as Forex Trader, I utilized every single indicator possible. My goal was to make money in the Forex Market.

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.

Once the trader understands the movements of price, they will know how to predict where the price is headed in the future.

With all the unnecessary filler out of the way, the basic bar chart will lead you to find surprising results. - 23210

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