Trading Price Action has go to be the most overlooked trading method in the forex market. There is a very simple reason I say this. Just look at how many people fail at trading forex. If you haven’t heard the statistic, here it is: 95% of people who trade forex, lose money.

Believe me when I tell you that I know how sad and depressing these kind of statistics are. But unfortunately, most traders don’t learn from their mistakes. In fact, I’d be willing to say that you are probably part of the 5%.

So how is it done? This is so easy, that I can’t believe more people don’t think of this. Why don’t you just do what the rich and successful do?

If you were to research this subject, one thing would be painfully obvious, and that is that the rich and successful trader rely very heavily on studying price action.

Obviously different traders use price action in different ways. But the main point is almost none of them use indicators like Stochastics as part of their trading methods.

So, who uses indicators? Well, I don’t want to point any fingers, but it’s real obvious that if you were to go on any forex forum on the internet, the answer should be really obvious. They solely rely on these lagging indicators are their only reason for taking a trade. They don’t even pay attention to what the price is trying to tell them.

It’s so obvious that these people have basically been programmed into thinking that indicators are the only way to trade, so you can tell that using price action is the last thing on their minds.

Price action trading is pure. There are no gimmicks to it. It tells you what you need to know, and leaves out all the clutter. It’s almost as if the market is speaking to you. The problem is with all those indicators, it’s kind of hard to hear it.