Can You Be Rich Trading Forex Without Indicators
by: JimBuhs |
Total views: 2 |
Word Count: 337 |
View PDF | Print View
Share This Article
It seems like everybody goes crazy over these "hot" forex trading systems that are covered with indicators. It's hard not be one of the sheep and get caught up in it. But for people that are tired of these indicator systems, they have to be wondering if they can actually be rich if they traded forex with no indicators?
To answer this question, you only need a little bit of a history lesson and study the most famous investment traders in history.
You could start by reading about traders like Jesse Livermore. Livermore struck it rich in the stock market at the turn of the 20th century. He was a floor trader and the only thing he cared about was trading the price action of stocks.
Not to bad for somebody who didn't even use a simple chart to help him trade. The only thing that mattered to Livermore was what the other floor traders were doing doing to the price of the stocks, and made his trading decisions based on that.
If a trader at the beginning of the 2th century can become rich trading without any indicators, or even a chart, what excuse do you have?
If you really sit down and think about it, there really isn't any other way to understand market movement besides the being able to trade price action. For example can anybody actually explain what all these indicators that everybody else is using, do? They can be used for a system and somebody can be taught the rules, but nobody actually knows what any of it actually means, relative to the market.
When you are able to get rid of these indicators from your charts, then and only then will you be ale to follow the reasons why the market go up, down, or stay range bound. You truly get to see the market as a ball of energy, not just numbers.
Once you see the market this way, its very hard to go back to moving averages.
Share This Article
Rating: Not yet rated Next Article - Foreclosure How To buy When Was The Last Time and Previous Article - Easy Ways to Invest With As Little as 50 Dollars
About the Author
Jim Buhs just learned the ability to trade forex with success. Check out how he learned to begin to trade forex without indicators.
Comments
No comments posted.Add Comment
Popular Articles about: Investing
1: Pennystock Risks - 5 Tips to Pick High Return Stock Lists and Advisors to Eliminate Risk of Penny Stocks2: The biggest risk in mineral exploration: Dilution
3: Penny Price Stock - 5 Tips to Record Breaking Returns
4: Financial spread betting: a tax-free approach to trading the markets.
5: Have You Invested For Your Future?
6: Investing: Importance of Diversification and Strategy Planning
7: Finding a System to Day Trade the Futures Market
8: Making Money On The Trends with Better Trades
9: Increase Your Trading Profits Using Better Trades
10: LIFESTYLE TRICKS TO LIMITING YOUR TRADING TIME
11: "If it ain't broke, don't fix it"
12: The Stock Market Umbrella
13: 6 Reasons To Use Liquifiers To Liquidate Excess Merchandise
14: BALLON STRANGLES, A BETTER TRADES STRATEGY
15: Find the Pattern with Better Trades
16: IRA-401K Real Estate Investing for Boomers
17: Cyprus Apartment Secrets
18: what are the things you need to invest in real estate?
19: Help with Surety Bonds
20: Option Pricing and Better Trades
21: Stock Market: Can You Invest Direct and General Utilities
22: Know IRA Penalties before Investing
23: Smart Investment Ideas by BusinessMarketingAgency.com
24: Learning Stock Trading Basics:
25: A Must Read Before You Do Your First Forex Trade
26: Control in Forex Trading
27: How To Start Stock Trading
28: Summer Forex Trade.Advice.
29: Option Pricing with Better Trades
30: Why use an investment discount broker?