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Trading Price Action - Why I Don't Like Indicators

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Uploaded on Oct 20, 2009

http://www.priceactiontrade.com - Why I prefer to use price action when I trade the forex market, and not use indicators.

Trading price action is one of the best things that you can do for yourself as a trader. It's the kind of thing that allows you to see the market the way it was intended to be traded.

Unfortunately, too many traders (irregardless of the market they trade) have become completely fixated on all the gimmicks that are out there. They would prefer to spend thousands of dollars on "magical" indicators, trading robots, and basically anything else which would allow them to make money in the market without having to do anything about.

Unfortunately, life isn't that simple. If you want success in the market, you are going to have to learn how the market works. The only way that is done is through price action (at least from a technical analysis standpoint). Once you "get it", you see the market in a brand new light.

When you used indicators, you were basically using a translator to teach you how the markets moved. Wouldn't it be easier if you didn't need the translator? Wouldn't it just be easier if you were already fluent in the language of the market? Well....the only way to do that is through the knowledge of price action.

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