Naked Trading - How Price Action is the way to go
If you are completely new to trading Forex, and you hear a phrase such as "trade naked", you could say, "Huh?" Do people really money in foreign currencies by their clothes? " Well ...... it is not accurate. Although ... Who knows? Perhaps there are some dealers are making the cores with the loss of their clothes. Perhaps it is relaxed it:)
But when I say trade naked, I speak of indicators ..... not your clothes. They are getting rid of the crutchthat many dealers do not get rid of.
Trading is really naked, as the technical analysis "purists" prefer to trade the Forex market. They are essentially always going on from all the white noise to make that the indicators. They are finally in a position in the market, how it should look like this: by the use of price action.
If you are trading price moves, you have only the elimination of the middle man in the trade equation. Think about it. Normally you would see an indicator of thetranslate the market for you, so you know when to buy or sell. With price action, you're the only one responsible. YOU have to figure out the reason to buy or sell.
What's really funny is that many traders actually believe they have some indicators kind of insight, as the market is actually moving. Unfortunately, this is just not the case.
Just sit back and think about it. What exactly is an indicator? It's just a static formula to get the peopleover and over again. This is not exactly flexibly to market trading. The market is frankly a bit too complex to be mechanically the same formula over and over again.
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