Forex Indicators
I really need to know which is the best way that I can use in trading forex. If the answer is price action is the best way to trade forex and make more money, how do I get a good teacher to teach me about it freely without paying any money. I was so happy to find this – The principles of forex trading using technical analysis is exactly the same as everyone else on the market. It is one of the biggest advantages of using technical analysis principles are easily transferable to any market charts. Price action is always the most important feature to a technical analyst, but there are many other things to consider as a way to reduce the odds of a profitable trade. Try a free trading course to get a good introduction to technical analysis, but it's worth getting a copy of Murphy's technical analysis of financial markets, which gives you a good start covering the key topics.
Tags: Financial Markets, Forex Indicators, Forex Trading, Introduction To Technical Analysis, Market Charts, Money, Odds, Profitable Trade, Technical Analyst, Trading Forex
Well. . . actually most technical indicators are based on price action. . . high, low, close, open. . . the problem with them. . is that they use to have delay. . . I trade Price action. . as trendline breakout. . . and maybe some momentum indicator. . .
I think it will be hard to find some one whoever teaches for free. . . being profitable. . forex is a business. . . so it need time patients, discipline. . and money. . so I dont think you find a business advisor that works for free. . . brokers use to give you the forex principals. . . but that doesnt mean that you will be profitable. . . I can tell you the step to build a house. . . but it doesnt mean that you can build one. . .
so!! For my Simple Price action is better than complex indicators. . . .
and find a good mentor! if you want I recomend some good books and blogs and mentors on my other answers!
cheers
Nelson,
Tell you the truth, it is. . . I am among those whoever using only clear chart and price action to determine next price movement plus resistance, support areas and trendlines. For me, these technique works well.
nelson. . .
yes you can trade market using price action. the price action is advanced technique to find good trades. to learn the price action you need to know candle stick technique which is very famous for its ability to predict the market turning point. even though, this thechnique should be combined with aestern technical analysis tools like trend line, support/resistance line, moving average and other technical tools to increase chance of winning in the trade. if you want free totorial you can google it on the internet. many site provides such stuff. but if you want more quality learning, you should spend little money on that and it worth your investment.
i think the way to make money online not only using forex , but also PPC / PTC / Paid to Surf , etc , which paid us for free.
The answer is that trading successfully is like a jigsaw. You need many pieces and they all have to fit together with each other, and, they must form a picture that is the one YOU want. What I mean is that it's no good learning to trade a method that gives 30% winners (but systems like this still can make great profits) if you are the type of person who needs the comfort of mostly winning trades.
Price action is the end result of “us”, we people trading trading the markets. It's about fear, greed, hope, and too often sheer desperation! Most successful traders use a combination of price action and some simple indicators, often just moving averages. John Murphy's Technical Analysis of the Financial Markets is great as are any books by Van K Tharp and Alexander Elder. As for Free courses – forget it! Would you really expect a Dental Surgeon to teach you to fix teeth for free? Why should trading be different? It's a real occupation not a cheap and easy way to make money. That said, I have taught people to trade for 5 years and here is a free course to get started with