If you want to trade the forex market, there are certainly some other way ways you can go. Most people just immediately throw a lot of evidence about their tablets and hope for the best. If you are one of those who want to know how to trade without the use of evidence, then let me be the first to congratulate you. You have to think outside the box, and it is important if you want to trade in this market.
It all starts and ends with the price action. If you want to be technical traders, this is something you’re going to have to learn.
Start by pulling up your favorite forex trading platform, choose a currency pair, open bar or candlestick chart. The important thing is you’ve got to fight that urge to put on indicators. I know this is tricky if you’ve been so used to using them. But I urge you to fight that urge.
Now comes the part where you have to think outside the box. Just look at the price. Pay special attention to the price is the most volatile. If you do, you’ll probably notice something rather obvious: .. The price will naturally retrace up or down, “depending on the direction of the market) when it creates a natural support and resistance areas
Price action is really no different than anything else. It takes practice. The more you do it, the better you’re going to be on it.