Forex Strategy Without Indicators

What happens if trading without indicators?

Indicator is a tool to map the market conditions and the direction of the next market so that traders who use it can take a decision to carry out a transaction or wait.

There are three possibilities for a person trading without indicators.

First, he is a fundamentalist so he trades without using technical indicators, but predicted by analyzing the fundamental news.

Second, he is a blind trader. namely trading uses mathematical and statistical logic that does not require technical analysis to look for entry point.

Third, He is the trading teknikalis just by reading charts to predict market direction next.

Of the three possibilities above you may be one of them. But if not, and you want to be one of them, it is advisable to become the number 3 are trader teknikalis that only analyze the charts to determine entry pointnya.

How to predict just by reading the chart without other indicators?

Teknikalis believe that the market movement is repeated. So as to be able to see your next move should see movement in the past which is almost equal to the current conditions.

So, to do that you can try to pay attention to market movements in a small time frame, for example 15 minutes for at least 3 months without you trade.

Roughly try within three months you only so observers market movements. Thus you have the memory and rote market movements that could be used to predict the direction of the next market.

If it is used and can feel the flow of market movements, you can apply it in day-day trading. You can choose the entry pointnya just by reading the chart. That strategy forex without indicators easiest thing to do.

What if the predicted results without this indicator is not right ...? you have to remember that losses can be minimized or even eliminated with money management.

 

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