Forex-Zone

I know that many traders are looking for the best way to learn how to day trade the forex market. I would strongly encourage you to get rid of the indicators that you are probably using right now and begin to look at the market the way it was naturally intended to. When traders use indicators, they are basically letting static formulas do all the trading for them.

If you do the research, I think that you'll find the most successful traders ever, did not use indicators when they traded. This may come as a great shock to a lot of people, but if you sit down and think about it, it really shouldn't be.

Think about what truly distinguishes a trader who uses indicators when they trade, from the traders who do not? It's simple. The traders who don't use indicators, trade with discretion, while those who use indicators are trading the market mechanically.

What this means is that the successful day traders understand that they are responsible for analyzing the market, and deciding when to buy or sell. On the other hand, the traders who use indicators are essentially letting indicators like Stochastics, trade the markets blindly for them.

If you have been using indicators for a long time now, I would like to make a simple recommendation. I just want you to pull up a basic bar chart with no indicators. You may think "this isn't going to tell me anything". But if you give it a chance, I think you will be amazed at what you discover. There are inherent price action patterns in the market that can be used to predict future price movement.

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. He developed his own course, called Trading in the Buff, where he teaches traders how to properly get a forex education on price action.