Indicators in Forex Trading the Truth!
Hello traders,
When it comes to trading, you will find that there are hundreds of different ways and strategies you can utilise to make money in any market be it Foreign Exchange (forex), Stocks, Commodities, etc.
I am not here today to discuss whether this or that system or strategy works or not. I am here today to reveal to you one of the hidden truths in the professional trading world. That is a lesson on how to properly use Trading Indicators to your advantage when trading any market.
Are you ready? There you have it:
NEVER APPLY THEM IN YOUR CHARTS AGAIN
Do that and I can guarantee you that you will have taken a huge step towards becoming consistent in trading.
Let’s have a look at a chart I came across recently:
I had seen busy charts before, but the one you can see on the picture won every prize for all the wrong reasons.
This is an actual chart from a retail trader who of course gave me permission to use it for this article. Thankfully we have been able to help him and removed the curse that others imprinted in his mind. I can barely see any candles on this chart.
A huge problem I see with trading educators is that they keep teaching people how to trade using indicators. This is wrong! In the professional world, traders do not use indicators. Here at Platinum, we teach our students how to trade in the institutional way. An intuitional trader will base his decisions to enter trades in the market on supply and demand areas/levels. The story of this line crosses this other line and you buy or sell doesn’t exist in the professional world of trading. This is just one of the many lies you have been told about trading the markets.
Now let’s look at the same chart but this time with no trading indicators and just a few lines on it:
Now let’s be honest! There are 4 lines in this chart and all Platinum students will know exactly what to do here. I can tell you that there are 5 trades in this chart and they are all high probability opportunities. This example is not even close to the level of details in the charts we use to present to all Platinum traders and students.
I gave you here just a glimpse with 4 single lines and a directional arrow. The explanation and other details for a chart like that are restricted to our clients of course.
As you can see, not a single moving average in the chart. No RSI or Stochastic. All rubbish!! You don’t need them.
The next time somebody comes to you saying they are a trader or education company and can help you become profitable blah blah blah.
Just ask this simple question: What forex indicators do you use?
If the answer is anything different than NONE, they can’t help you. They are not a trader. They want your money! That is the real truth of their game.
Do you want to know another truth before I finish this article? Here at Platinum Trading Academy, we don’t even talk about indicators. Forbidden!! That’s how much confidence we have in the method we teach our students and that’s how much confidence we have that in the professional world of trading nobody can give a damn about indicators.
If you would like to find out more about our methodology and have a chance to speak to a real professional trader who trades the markets every single day, please get in touch.
THE PLATINUM WAY
We trade in an Institutional Way by letting the market fx come to us and being patient.Being patient will always be a virtue and it’s no different in the FX market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
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Professional Platinum Trader and Mentor
Nisha Patel
Live from the Platinum Trading Floor.