There are literally thousands of forex trading systems out in the market today. It feels like anyplace you look, there are websites selling forex trading systems with supposedly the most unique indicators today. How can you tell which forex trading system is a legitimate product or which is just garbage?
Well, if you are into forex trading systems that have a lot of indicators, you're probably interested in something that can be found for free on a forex forum. Go to just about any forex forum, and you'll find a ton of them discussed in the threads. It doesn't matter if you like using moving averages, stochastics, MACD, RSI, etc... You'll find more than you can handle. I've personally gone through my share and from my experience they were all pretty much the same. Sometimes I'd win and sometimes I'd lose. The only constant was that I didn't really have a clue about what the market was doing. I just stood there usually waiting for some lines to cross.
It's definitely comforting for a new trader to use indicators when trading. It takes the pressure off of them. It doesn't require any knowledge of the markets to trade them. But if you are able to just get rid of these lagging indicators and see the market in its purest form, then you can have an understanding of what causes price movement. Using a forex trading system that requires looking at a naked chart and just use solely price action to trade may seem intimidating at first, but once you learn it, you'll never remember why you didn't begin trading like this.
To learn about forex trading systems that use price action, make sure to check out the forex system reviews are LearnForexDirectory.com
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