The Secret to Forex Trading - Keep This Under Your Hat

By John Templeton

To all those struggling traders who are looking for the secret to forex trading, I've got good news for all of you. I'm going to take you behind the curtain and tell you the real secret that most of the public doesn't know about.

Here it is: Price Action.

I'm sure you were on the edge of your seat waiting for some mythical information that you've never heard before. I'm sorry to disappoint you, but it is the truth. If you are hesitant to believe me, I don't blame you. There are a lot of people out there, claiming they know the holy grail of trading.

You don't have to take my word for it. You can just do a little research. Learn all about the most successful technical traders in history. It doesn't matter if its forex, stocks, options, futures, etc.... You will notice they have to say one thing on the subject: They all use price action. Obviously, all of them don't use them in the exact same way, but it's their main mode of operation.

You should read what many of them have to say about indicators. To say that many of these traders don't like them would be a bit of an understatement. I'm sure you all have heard of the statistic saying that only 5% of forex traders are making any money. THESE ARE THE 5%. I am very proud to call myself one of them. Now let's take a look at the flip side: The other 95%. What do they have in common? You can go to most forex forums and see for yourself.

They are all so busy concocting trading systems with loads of indicators, creating forex expert advisors that will never make consistent profit, always looking for the next great thing, etc.... I admire their passion. It's obvious they really want to become successful forex traders, but all their energy is being wasted trying to find the ultimate secret to forex trading. The real secret have been used by the best technical traders, even before they used charts.

Price Action: It's really not much of a secret, although most have never heard of it.

John Templeton has been a successful forex trader after learning the real secret to forex trading. which is trading trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.