If you are in the process of learning to trade forex, my heart goes out to you. I remember when i was in that position. It's a strange mixture of excitement, confusion, and anxiety, You are excited because you keep hearing about these traders that make 300-400 pips a day. But the more you look around to figure our how to actually trade, the confusion starts to set in, which is going to make you feel anxious. You think "I keep hearing about becoming rich trading forex, but how do they do it."
Well, if you are learning to trade forex, one thing should become evident. There are about a million different systems,trading robots, and indicators for you to choose from in the marketplace. Seems daunting, doesn't it? Well, that's how they want it to be. Here's is a little statistic for you: 9 out of 10 traders fail to make money forex trading. The majority fail miserably. So how could that be the case? If there is so many systems and indicators that do all the work for you, why the low success rate? Because there is no better indicator than your own eyes.
You can see what's happening in the markets. Why on earth do you need all these indicators that are basically nothing more than filler? All these indicators are used so people don't have to think for themselves. They do the thinking for you! What's the point of that? I'm sure one day we'll have cars that can drive themselves, but we're not there yet. So why would you let an indicator make your trading decisions for you?
If you are interested in learning to trade forex, do yourself a big favor and completely clear out your charts of indicators. Just look at what the market is doing. Don't try to force anything. Just sit there and watch it. You'll begin to notice the market talking to you. You'll see patterns repeat themselves constantly. It's all there in black and white for you to see. It happens every single day. The shame is most traders never take the time to learn that. Otherwise they wouldn't be spending thousands of dollars on "magical" indicators that supposedly do all the work for them.
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