If I had to pick one forex trading technique above all else to learn, it would have to be price action. The reason I am saying this, is just look at the history of the famous technical traders of all time. if you read up on them, you’ll know that price action is what they used.
The interesting thing about price action is that it means something different to each individual. But what’s important about it, is that it can be used to predict future price movement.
I’m not saying there aren’t any other things you have to learn. For instance, it would be a good idea to learn about fundamental analysis. But when it comes to technical analysis, price action should be a requirement.
Many traders really never get this far, as they get caught up with all the flashy indicators that they can play with on a forex trading platform.
I know that when I first learned about forex trading I must have tried every single toy that was on the software. I mean, I tried everything from Gann lines, stochastics, Bill Williams, MACD, price divergence, and everything else in between.
If you are one of the few people who were able to have success using these indicators, them I am very jealous because I was never able to figure it out.
The moment I realized that all I ever needed was to understand price movement. It was like I was using these indicators and systems to teach me the language of the market instead of learning the language myself.
I implore all struggling traders to make their trading a little easier. Learn the forex trading technique of price action for yourself and see what the market has been trying to tell you all this time.
