Is Learning to Trade Forex Just Using Price Action Really That Hard? Absolutely Not!

I think many people really like the idea of being able to trade forex without any indicators and just being able to use price action. The problem is that most traders are also intimidated by this concept. They think that price action trading involves some kind of off the charts intelligence to figure out. Speaking as some one who barely graduated from high school, I can assure you that is not the case.

All it really takes is an open mind. That's where many traders have a problem with. First off, many traders have just been trained that they have to use indicators in one form or another. That is simply not the case. But its hard not to think that way when all you see is trading software that has 1000 proprietary indicators and people selling these magical indicators that give you arrows when to buy or sell.

You need to be able to get away from that kind of mindset, and that's an obstacle for a lot of traders. To that I say, just give it a shot. RIGHT NOW, take off all your indicators that you have been so accustomed to using for so long, and just sit down and watch the price movement. The only thing you should be looking at is a simple bar or candlestick chart.

Don't force yourself into seeing something. Just watch patiently. Eventually, you will start to notice patterns. You won't need to draw trend lines or fibonacci retracements to see them. You will be able to see it with the naked eye. These kind of patterns have been going on since the stock markets opened.

I know many fundamental traders look down upon technical traders, but if you actually see these patterns, there are undeniable fundamental reasons why they are happening. So its not just a case of blindly following your charts. It's a bit deeper than that.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.

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