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by: JimBuhs
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Word Count: 439

Nowadays everybody is looking for the short cut when it comes to trading. They don't focus on the oldest form of technical analysis: Price Action. It's a shame more traaders aren't interested.

You can tell this is true by just going to any forex forum. What do you normally see people talking about? Usually its about some magical system filled with a bunch of indicators or a Forex Expert Advisor that basically uses those same lagging indicators to come up with an automated forex trading system.

Do you see what's wrong with this picture?

Off the top of their head they should realize that all these indicators like moving averages or stochastics are always lagging. They are great if you want to know what has already happened, but it provides no ability to forecast future prices.

The other thing that these traders need to understand is that 95% of all forex traders lose money. If that's the case why would you want to be doing the same exact thing that every other struggling trader is doing?

Think about this logically. Most of the forex traders you see in forums are usually struggling. If they weren't, then why would they be in a forum? The successful forex traders are usually to busy paying attention to the market that they don't have time to spend in a forum.

What's really increased in popularity are the Forex Expert Advisors. For those that don't know, these are basically automated trading machines or robots. Developers program them using lagging indicators so the market trades automatically while you're away.

It's pretty obvious that this would attract almost every new trader. Who could pass up all that free time that an expert advisor gives you. You can be out the whole day and when you come home the trading robot has made you a millionaire, right? Well, you better thing again.

People are asking way too much from these expert advisors. Think about what people asking from them. They are asking them to acccomplish something that most forex traders in the world can't do: Make money trading forex.

If you want to take the time to really understand the market I suggest that you clean out all your charts of indicators and just watch the price action for a day. Pull up a 30 minute chart and just focus on market movement. One thing will start to become real evident: There are patterns in the market that happen every single day. These are the patterns that can be used to predict future price.

About the Author

Jim Buhs finally just figured out successful at trading forex after he figured out how to trade just using price action. If you like to see what he used to leaen how to trade with no indicators, make sure to look his website.

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