http://secretforextrading.com Secrets for trading in forex markets Tue, 07 Sep 2010 02:18:09 +0000 en hourly 1 http://wordpress.org/?v= http://secretforextrading.com/forex-trading-without-indicators-is-like-driving-with-your-eyes-blindfolded/ http://secretforextrading.com/forex-trading-without-indicators-is-like-driving-with-your-eyes-blindfolded/#comments Mon, 30 Mar 2009 01:21:20 +0000 Forex Admin http://secretforextrading.com/?p=40 Since professional Forex trading is always done with indicators, when someone does trading without them, it seems he is driving around with his eyes blindfolded! Similarly, people who trade without indicators or forex software are surprised at seeing people doing trading with 10 indicators on their charts just to place a trade. They treat these indicators as misleading to what the actual market scenario is. Trading without signals is also referred to as price action and is an age-old art. In such a trading scenario the trader is looking at the present price fluctuations, studying what happended in the past and from these two, predicting what are like to happen in future. He takes it as if ‘everything I need is right here in front of me, so why would I go for unnecessary indicators’?

Let us explain this with the help of an example. The Forex day market usually follows a set pattern which is by far predictable. But indicators like RSI or MACD usually lags behind, as it only gives us the past picture, which is known to everyone. But the real trick is to study the past and deploy your learning to predict the future. Thus traders who do Forex trading are perhaps people with a strong sense of intuition. For more education on the subject refer to a Report for more insight into Forex trading. They even help you with finding the best Forex broker and have recently compiled a list of some of the best known Forex brokers operating in the market.

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