There are so many traders out there looking for forex trader training. I can certainly empathize with them. After all, I used to be one of them.
It's kind of an uneasy feeling. You hear about how some people are becoming rich trading forex and you wonder how in the heck they do it?
So, you start searching high and low for (as forex traders like to call it) the holy grail of trading.
You think that it's out there somewhere. So you buy every piece of junk of trading system, forex robots, overpriced trading software the market is selling. You only realize after you bought them that they were completely useless.
Don't feel bad if this is you. I know exactly what you are going through.
I can't even begin to tell you how many of these automated systems I bought. These were the kind of systems that tell you exactly when to get in and out of a trade.
They were usually the ones that have a big arrow pointing down for a sell or big arrow pointing upwards for a buy.
I can't believe I used to buy this kind of garbage.
Think about it. How do we know what's the reason why we are selling or buying? We don't have a clue!!! We're doing it only because there is an arrow there. Does that not sound incredibly ridiculous to anybody else?
That isn't exactly what I call training a forex trader.
It eventually dawned on me. When I look at all the successful forex traders in the world, I'm pretty sure none of them could really care about what some lagging indicator has to say about the forex market, and its true.
Look up interviews at some of the more famous technical traders in the world and see what they have to say on the subject. I can almost guarantee you that they'll criticize indicators.
It's their belief that if you can't look at a simple chart and know where the price is going to go, you are not ready for trading. After the success I had with trading just using price action, I would have to agree with that statement.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He offers one of the best forex trading training courses available. |
No comments:
Post a Comment