Introduction by ebook's author:
My trading strategy is quite different from other popular (and expensive) choices. So what exactly is it?
Trade “naked” just like all the professionals do…! It seems pretty obvious that the more complicated we make trading, the harder it’s going to be to make real money trading forex. For whatever the reason, people just don’t seem to listen. How else would that explain why only 5% of forex traders make any money? If all these “magical” robots worked, why are there so many people crashing their accounts?
All these overpriced robots provide absolutely NO insight into the market!! So, why are people spending their hard earned money on all this garbage? It’s simple. Most traders don’t really have a clue what’s going on in the market. They would much rather just fill their charts with FREE indicators telling them when and how to trade. Why would you want to base your trading decisions off of something that is only telling you what has already happened. I don’t mean to come down hard on all indicators. For those of you who have never traded Forex before let’s find out what and how we trade. Needless to say, the majority of the people who trade forex did not have much luck with using lagging indicators. Why are you trading something that you don’t understand? The robots or indicators were doing the trading, NOT YOU!! Think about that for a second – basically just an inanimate object waiting for your “robot” to place a trade or for random free moving averages free built-in mt4 lines to cross, telling you that you should open or close a trade. How in the world could you make money trading forex, if you don’t even understand what you are looking at???? Time to listen to what all the professional traders had to say on the subject. Please noticed two words that came out of most of their mouths: PRICE ACTION!
Do you think that the most successful traders in the world are really worried about what a couple of Stochastic lines are doing? I highly doubt it. The whole point is that they don’t need them or any other robots or indicator for that matter. Their own eyes are their best indicator. If you don’t believe me, all you have to do is look at the history of the markets and how traders became successful. There were legendary floor traders at the beginning of the stock market who became millionaires just by following the movement of the price. They didn’t even have charts, much less robots or indicators!!! What’s our excuse??? Maybe it’s time to drop everything, completely clear your charts of all free indicators or robots and look at your forex charts, as the purists call, naked. Nothing blocking your view of the price. No Moving Averages, No Stochastics, No MACD, No RSI, NOTHING but a simple bar chart. I would love to tell you that when you learn the “Price Action Scalper” simple manual system – on the first day you will tell your self: “ooo thank’s I did this… I am going to be rich by the end of… Read more…
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