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by: JimBuhs
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In the forex world, we are currently living in a time wen trader are getting constantly bombarded with new indicator-driven trading systems. It's hard to fall into the trap. But for those that have gotten tired of all the hoopla, these traders have to be curious if they can become rich by trading without indicators?

If you want an answer to this question, all you need to do is take a step back in history and read about what the most successful traders used in the trading.

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.

This is somebody who did not even have a chart to follow. The only thing he did was pay attention to how the other floor traders were trading the stocks and how it was affecting the price. Pretty impressive considering he didn't even have a simple bar chart to go off of.

If somebody like this can become rich trading without any kind of indicators, then there is no excuse for anyone else.

If you think about it, is there any other way for you to truly understand what the market is doing besides trading just the price action. Think of all the indicators most people plaster all over the charts. Can you really explain what 3 moving averages crossing each other actually means? The truth is nobody can. It's the same case for any of these popular indicators. They may know the rules of how to trade them, but they don't have a clue what it actually means.

When you are able to get rid of these indicators from your charts, then and only then will you be ale to follow the reasons why the market go up, down, or stay range bound. You truly get to see the market as a ball of energy, not just numbers.

When you're able to see the market this way, there is no way that you'll ever go back to using stochastics.

About the Author

Jim Buhs just learned the secret to trade forex with success. Check out what he used to start to trade forex without indicators.

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