If you have visited other websites or maybe even took a few Forex courses you may have noticed that these other “gurus” use certain indicators that are not mentioned on this site.
This is not because we have not heard of these indicators, but rather it is because we believe here that all you need to successfully trade the Forex market is the price action and a couple of tools used to display key levels of support and resistance.
These common indicators include popular ones such as MACD, CCI, RSI, Bollinger bands, Stochastic, and Moving averages.
We are not saying that they are all useless and they don’t work, we are simply saying that too many traders get wrapped up in trying to find the perfect combination of these things when in reality the market moves from fundamental data and support and resistance levels, these indicators merely attempt to tell you when a move has begun.
The education provided here aims to show you where these moves start from and where they are most likely to come to an end, so that you can position yourself before these things take place.
Many traders combine our methods with these indicators to produce a nice safe trading plan.
For example, some traders may decide to use MACD in order to confirm a trend or to look out for divergence away from the price action.
Whilst at the same time using the core principles taught in our advanced course.
The fact is, coming up with a “system” is easy, the hard part is coming up with one that you are comfortable using consistently day in day out.
All you need to know at any given time is 3 things:
And all of these things can be very accurately determined without the use of these lagging indicators.
Next: Conclusion