To all those struggling traders who are looking
for the secret to forex trading, I've got good
news for all of you. I'm going to take you
behind the curtain and tell you the real secret
that most of the public doesn't know about.
Here it is: Price Action.
I'm sure you were on the edge of your seat
waiting for some mythical information that
you've never heard before. I'm sorry to
disappoint you, but it is the truth. If you are
hesitant to believe me, I don't blame you. There
are a lot of people out there, claiming they know
the holy grail of trading.
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The secret to forex trading
1. The Secret to Forex Trading
To all those struggling traders who are looking
for the secret to forex trading, I've got good
news for all of you. I'm going to take you
behind the curtain and tell you the real secret
that most of the public doesn't know about.
Here it is: Price Action.
I'm sure you were on the edge of your seat
waiting for some mythical information that
you've never heard before. I'm sorry to
disappoint you, but it is the truth. If you are
hesitant to believe me, I don't blame you. There
are a lot of people out there, claiming they know
the holy grail of trading.
You don't have to take my word for it. You can just do a little research. Learn
all about the most successful technical traders in history. It doesn't matter if
its forex, stocks, options, futures, etc.... You will notice they have to say one
thing on the subject: They all use price action. Obviously, all of them don't
use them in the exact same way, but it's their main mode of operation.
You should read what many of them have to say about indicators. To say that
many of these traders don't like them would be a bit of an understatement. I'm
sure you all have heard of the statistic saying that only 5% of forex traders
are making any money. THESE ARE THE 5%. I am very proud to call
myself one of them. Now let's take a look at the flip side: The other 95%.
What do they have in common? You can go to most forex forums and see for
yourself.
They are all so busy concocting trading systems with loads of indicators,
creating forex expert advisors that will never make consistent profit, always
looking for the next great thing, etc.... I admire their passion. It's obvious they
The Secret to Forex Trading
2. really want to become successful forex traders, but all their energy is being
wasted trying to find the ultimate secret to forex trading. The real secret have
been used by the best technical traders, even before they used charts.
Price Action: It's really not much of a secret, although most have never heard
of it.
John Templeton has been a successful forex trader after learning the real
secret to forex trading. which is trading trade price action. Once he
understood that all he needed to trade forex was on a plain chart with no
indicators, his profits soared.
The Secret to Forex Trading