Trading in the financial markets is surrounded by a certain amount of mystique, because there is no single formula for trading successfully. benchmaros Think of the markets as being like call put option market x bull ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment and being mindful of your surroundings.
Would you go into water that had dangerous rip tides or was shark infested. Hopefully not.SEE: The 3 Most Timeless Investment PrinciplesThe attitude to trading in the markets is no different than the attitude required for surfing. Ignored you can afford to pay hundreds of dollars you can get it from those vendors.Most Universities have the Datastream database which you can use to access the rates for free if you are kndicators student. IgnoredOk Thanks for reply.I thought you calculate main fibs according to - Trading Forex with no indicator is nothing trading forex successfully with no indicators and benchmarks.
There is a lot of talk as if indicators are a successfluly thing and that trading Forex with no indicator is the only way to trade Forex successfully.The truth is there is no one way to trade Forex successfully. You can choose to trade using indicators or choose to trade strictly based upon price action. Both methods can be used separately and in combination to trade profitably.
This article is going to explain exactly why trading with indicators is detrimental to your success as a trader, and why you should learn to trade with simple price action setups instead.
Trading forex successfully with no indicators and benchmarks