John Templeton has been a successful Forex trader after learning how to trade Forex price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.
I know that there are a lot of Forex traders who are struggling to make those pips, so I've got some wonderful news to tell you. I'm going to show you a Forex secret that most people aren't aware of. Hold onto your hats, because this is going to blow you away. You ready? Because here it is:
PRICE ACTION!!!!!!!!
Alright, I'm guessing the answer didn't live up to the hype. You may be a little disappointed. I'm guessing you were on the edge of the seat expecting to hear about the holy grail which only a handful of people know about.
Well, before I start talking about price action, you should probably know that there is no such thing as holy grail. It doesn't exist. It will never exist. If you want to trade, you have to expect to take some losses there isn't any 100% method out there. There are no magic buttons that make you an instant millionaire in the Forex market.
The truth is the rich and successful traders try to keep things as simple as possible. The more complicated you make trading, the lesser your chances of success. That's why I don't go for the state of the art trading platforms with hundreds of proprietary indicators, and I really don't go for these Forex trading robots that everybody just loves talking about.
You don't need gimmicks like that. The truth is all you will ever need is a simple bar chart on a free charting platform. With price action, you'll be able to sport TRUE support and resistance areas that indicators can't catch.
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