If you are still trying to find the ultimate forex day trading tip, here it is: LEARN PRICE ACTION. If there is one thing you always hear from the professional traders out there, it’s that statement. Sadly, many people just don’t listen. It’s really evident by the furious amount of “special” indicators that are being sold to the public at the present time. The sad thing is that people are always going to buy it.
The pros know what the amateurs fail to understand. It doesn’t matter what kind of trading platform you use. It only matters who is in front of it. A great trader can trade on the cheapest, most freely available trading platforms on the market today and still do much better than the guy who has spends hundreds, if not even thousands of dollars a month on needless gadgets, signals, newsletters,indicators, etc….
if you don’t believe me, think back to the days when trading in the market meant you had to be on the market floor with the other floor traders. What and how do you think they used to trade the market? Two little words: Price action.
The only difference was that they didn’t even have charts to follow. It was all done in their heads. And they certainly didn’t have indicators. It seems like the more advanced we have gotten, the more complicated we have tried to make trading. Why do we do this?
If it was good enough for the guys in the late 1800s, it should be good for us as well.

June 23rd, 2009
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