Its quite staggering the amount of people out there who are looking to learn how to make money in forex. They are certainly eager but I am concerned that most don't want to "learn" forex as much as they would like the shortcut on how to get rich without doing any of the work.
I can't say I blame them. We all want to make money in forex (or any field for that matter) without putting any time and effort. Unfortunately, this is not the way it works with forex trading. If you want to be successful, you are going to have sit down and learn about what makes the market tick.
I wish there was some magic button I could give you that would just give you a few thousand pips a month in profit, while you're laying on the beach, but that's not how its done,. I'm sure you probably have heard of these trading robots that do just that. Believe me, if they worked I would be the first one using them. I would much rather be surfing than staring at a computer. But if you want to make money in forex, you better get yourself educated.
That all starts with the notion of understanding price action. You can''t learn price action if your charts have a ton of indicators on them. GET RID OF THEM! They are only slowing you down. The key is to see the market through your own eyes, not what the indicators are telling you.
John Templeton has been a successful forex trader after learning how to trade price action. In his course, Trading In The Buff, he talks about how all that is needed to trade forex was on a plain chart with no indicators. |
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