Learn to Trade Currency - Think Outside the Box

By John Templeton

So you want to learn to trade currency? I don't blame you. There is a lot of opportunity to make a lot of money for those that can understand how to properly trade the forex market.

The problem is that many people just don't have a clue. This is just a fact. How many people you know who are making a living trading forex? I'm guessing you don't know too many. I didn't either when I was first starting out.

So I did what most people do when they wanted to learn how to trade currency. I tried to find as much freely available information as I can get my hands on.

I basically lived on forex forums for three months. You'd think I would be an expert on the subject of forex trading after it was all over? Well, not exactly.

I basically learned about how other struggling traders were trying to find their way in making a living trading forex. Many have been trying for 5+ years and they had nothing to show for it.

I really became depressed about it and then I thought to myself, how could somebody not be able to learn currency trading with all these threads in all these forex forums.

I took a second glance and I noticed what most of the threads were about. They were mostly all about some system that uses indicators.

The titles of the threads would be something like:

My 5 MA system

How I use stochastics

My special RSI trading system that I just developed.

It hit me like a ton of bricks. Nobody had a clue on how to trade the markets without a bunch of indicators telling them when to open and close a trade.

It's like they didn't even trust themselves enough to take a trade unless a couple of moving averages had crossed each other.

I wondered if the truly successful traders traded like that. The answer is a resounding NO.

After researching this a little further, almost every single successful trader that I read about it, said that once they understand price action, they understood the market.

I made it my mission ever since then to learn price action and I haven't looked back since. My trading account and I have been happy ever since.

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. The truth is anybody can learn to trade currency.