Trading Price Action has go to be the most overlooked trading method in the forex market. There is a very simple reason I say this. Just look at how many people fail at trading forex. If you haven’t heard the statistic, here it is: 95% of people who trade forex, lose money.

I know that statistic is rather depressing, but if everybody just stopped making the same mistakes that most losing traders make, there is a very good chance that you could be part of the 5%.

So how is it done? This is so easy, that I can’t believe more people don’t think of this. Why don’t you just do what the rich and successful do?

All you need to do is some simple research and realize that many of the most of powerful traders in the world rely on price action as their only form of technical trading.

It should be said that not every body trades it the same way. But the important thing to understand is that most don’t rely on Stochastics for help.

Who does use indicators? I don’t want to pick on them, but if you go on almost any forex forum, you’ll be stunned to see how many traders rely on indicator heavy systems. THEY DON’T EVEN LOOK AT THE PRICE! All that matters to them is what the indicators are showing. It should be becoming quite clear as to why 95% of the public fail at trading forex.

It’s so obvious that these people have basically been programmed into thinking that indicators are the only way to trade, so you can tell that using price action is the last thing on their minds.

Price action trading is pure. There are no gimmicks to it. It tells you what you need to know, and leaves out all the clutter. It’s almost as if the market is speaking to you. The problem is with all those indicators, it’s kind of hard to hear it.