The Best Forex Trading Strategies? Stop Using Indicators

For anybody that has been searching for the best forex strategies, I empathize for you. You have to go through a lot of garbage on the internet to figure out how to trade forex. If there is one thing that most of these strategies have in common, it's probably one thing: the reliance of lagging indicators. Lagging indicators such as moving averages and statistics. By the time these kind of indicators provide a signal, the move has already happened. Here is the best forex trading strategy I can give you: Clear out your charts. YOU be the indicator.

Just look at how the currency is moving. Price action can tell you a heck of a lot more about what the markets are doing than some RSI or MACD Indicator. All the information you need is right there.

There are certain price patterns that happen all the time. Whether it be on a 1 minute chart or a daily chart, these kind of pattern are predictive in nature. They get repeated continuously.

If you think about how most investors made their money in the early days before there was even such a thing as charting software, all they had to rely on was price action. They used the price movements as their sole indicator for opening and closing a position. Believe it or not there are still people today that don't even look at a chart when trading. They just look at the numbers move.

The best forex trading strategies in the world should have nothing to do with some magical indicator. If people in the early 1900s can trade the markets just by using price action, what's your excuse?