The Best Forex Trading Strategy That Hardly Anybody Uses

The best forex trading strategy that nobody uses would have to be price action. It's strange that this is the case, when you consider it's the oldest form of technical trading. Floor traders like Jesse Livermore became legends by just trading off of the price movement of the underlying stock on the market floor.

He would mentally note the key areas of where he spotted support and resistance, and trade off of that. The amazing thing is that forex traders could be doing that today, 100+ years later. Unfortunately, most traders don't trade like this. They would much prefer to put a bunch of indicators in their charts and hope for the best.

When you trade price action, you are the indicator. There are no shortcuts in this. To some, that's a bad thing. But if you take the time to look at the history of trading, you'll notice the theme that most successful traders preach about learning price action.

If you think about it, it's the only true way to see the markets. There is no filter involved. It's just you and the market, and can you understand what it's trying to tell you?

Following price action allows you see things like the TRUE support and resistance levels, how to spot trends, and how to tell where the future price is headed. The key is to get rid of all the shortcuts that you are using. This means no indicators, forex expert advisors, or any of the other bells and whistles.