Forex Trading Without Forex Indicators – Forex Indicators Will Lead To Your Failure!

Posted on June 27, 2010
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It’s no secret that 95% of all new forex traders will over the course of time fail and leave the forex market after losing most or all their equity . What information can we asertain from this well know fact? First let’s examine what the common denominator is among those who fail, to better use this unfortunate fact of the forex market.

When entering the forex market most new traders search for a forex trading holy grail, would you not agree? You yourself may have searched the forex market for days for the way to forex profits. After many hours of searching maybe even days, you stumble on to the best system , with the latest and greatest proprietary forex indicators that promises the world. You then buy their forex indicators. Did it live up to the hype ? Have they fulfilled any of the promises in their sales pitch? If they had you wouldn’t still be searching! The process is then repeated over and over until you either become so discouraged with scams you quit on your dreams to become a successful forex trader, or you give back all your money because of these so called “magic” proprietary indicators or forex software. So let’s put the facts we have together and see what we can gain from them. 95% or more new forex traders fail, and most trader new to the forex market purchase a forex strategy that uses the “magic” combination of forex indicators or software . Do you see the connection between forex trading systems based on indicators and software and the alarming failure rate of traders new to the forex market?

Don’t get me wrong, not all forex indicators and all forex software are bad and produce negative results , but they have to be kept in perspective ! Forex indicators only tell you what the raw price data has already told you . So when you wait for confirmation on your MACD cross or an overbought over sold indicator , do you find you’re always selling bottoms and buying tops? The well hidden truth is, trading free of forex indicators is king. There is no indicator that can predict short term price movements in day trading, or on the other spectrum long term position trading strategies with equaled profitability. Ask yourself this , do you think forex fund managers around the globe have some magic combination of forex trading indicators that they trade with or do you think that they have a great understanding of price action? I think we both agree on the answer to that question:)

So where do you go from here ? Have you ever wanted to understand why the market moves, and more important, how to quickly recognize high quality setups that have solid risk reward? More importantly, because most people trade with indicators , when you use only price to signal entries and exits, you often times can get in significantly before the first move which allows very tight stop losses as well as greater risk reward.

If you have been battling to become a profitable trader in the forex market, and have tried everything and just can’t seem to make it work , why not try something the big boys use , price action. In our Live Forex Signals Room you not only get to hear us taking our personal trade entries in real time, but most importantly you get to understand why, how, when, and what to look for so over the course of time you can do it on your own . How often do you find indicator free forex strategies or those willing to teach how they trade the forex market using nothing but raw price charts? This is simply because the 5% of traders that profit in this market, use some combination of price action , and thus are numerously outnumbered by those that are in it strictly to sell a product . So come take your 10 trial to our live forex trading room and see what trading raw price data is all about! Here is a link to our no cost Forex Educational videos, as well as a introduction message from our senior trader about our live forex trading room.

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