Why most traders using charts don't make money

http://www.fintrader.net In the clip self made multi millionaire Vince Stanzione tells you what the software vendors and brokers don't want you to know. If you think you have an edge using charts and software then you need to watch this video and get the facts.
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Category:

Education

Tags:

• vince stanzione
• igindex
• spread betting
• charts
• software
• losing traders
• city index
• cmc markets
• fx robots
• spread betting handbook
• trading courses
• jim rogers
• commodities

[lynkift]

you say you dont use technical analysis and indicators but in 1 of your other videos on youtube you demonstrate using charting software that you buy when the price breaks a moving average line, which we know is an indicator......any comments?

[vincestanzione77]

@lynkift Hello, A Moving Average is not classed as an Indicator, items such as RSI, or Williams%R are indicators and I never use anything like that. My whole approach is keep it simple and price channels/MAs are about all I use -

The price tells you everything.If the price goes to 50, 51, 55, 60, it is going up, does not matter what the indicator or news says or what you think should be happening, the price tells you the truth and should always be obeyed.

[Fl3tch3rb0y]

@jayangli

I know what I think....williams is a so called leading indicator and you can use stochastics to back up williams and then macd and so on and you think you have it all sorted. Of course though there is no such thing as a leading indicator and as much as you think you can use these indicators to trade the truth is you cant! its as simple as that. Trade the price not the indicator. If the price is trending and the price averages are trending (sma as opposed to ema) then thats the key

[jayangli]

@vincestanzione77 what do you think of the larry williams indicators?