Currency Trading Tips - 3 Ways to Find a Good Forex Trading System

Comments · 202 Views

It's kind of ludicrous when you think about it. Why do people think that these indicators really provide any kind of insight to the market? It's as random and arbitrary as really flipping a coin.

If you don't know what I mean by mechanical, I'm Exynox Scalper Review talking about the fact that a lot of traders shy away from any kind of discretionary trading, which in essence is what separates the successful traders from the ones who aren't.For some reason a lot of traders don't seem to grasp this concept. After all, how could you explain the reason why so many traders are looking for a "paint by numbers" type of trading.

You can look at all the indicators that are thrown on trader's charts. Most traders don't even know what the purpose of half of them are. But they like the idea of buying and selling based on when arbitrary lines cross each other, up and down arrows, lines change colors, or any of the other things that all the popular indicators do.

What does this have to do with the market?Instead of having your market analysis being spoon fed to traders, they should really take the time to learn why the market moves the way that it does. It all starts with getting rid of these needless indicators which are just blocking your view, to the good stuff: price action. When you can look at a simple price chart and instantly recognizing price patterns, then you know you are onto something that few traders ever really grasp.

Read more