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Can You Be Rich Trading Forex Without Indicators

Jul 23, 2008
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.

Look at famous traders like Jesse Livermore. Livermore became a multi millionaire trading the stock market at the turn of the century. He was just be at the market floor trading shares just based on price action.

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 some doy can do this without using not just indicators, but without a chart, then there can't possibly be an excuse for anybody else.

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 clear out your charts of these indicators, you finally get a chance to understand the underlying reasons why the market moves the way it does. You finally get to see it as a form of energy and as a living, breathing thing.

Once you see the market this way, its very hard to go back to moving averages.
About the Author
Jim Buhs just discovered the secret to trade forex with success . Check out how he learned to start to trade forex without indicators .
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