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June 15th, 2010 
usmblogger One of the few things Forex traders can agree on is that Price Action Forex Trading is one of the best ways to trade currency. Agreeing on how to trade price movement or how to learn to trade based on price is another story. And to make matters worse, many would-be traders get sidetracked and distracted with the claims of indicators and robots.
The sad fact is, many new traders don’t really want to learn what price movement means, and look to a magic combination of indicators to show them when to place their trades. Or they try to avoid any trading decisions at all by using a trading method programmed into an automated trading robot. This is not to say there are not some good indicators and robots out there. But the majority of Forex traders that “make it” only started to see success when they learned how to make their own trading decisions based on how price moves on their charts.
Just think about it. How are you going to know if the indicators or robots are worth using if you know nothing about trading or what the movement of price means on your charts? If anything, learning price action Forex trading can help you identify the best indicators and robots, as well as being a very profitable stand alone trading system. Here are 3 keys for successful price action Forex trading…
Choose A Forex Mentor Already Using Price Action Trading Systems Successfully
It is becoming harder to know who to trust when looking for someone to teach you price action trading. You need to make sure you are learning from someone who is a real trader and using these methods to trade themselves. Otherwise, you are going to be learning trading strategies that may or may not work under real market conditions.
Often, learning trading strategies based on price is very simple, until you try to do them yourself under live market conditions. This is why you need someone who trades the strategies on a daily basis to teach you what to expect in live trading. Having that kind of experience can make a big different in your profits.
Choose To Learn Price Action The Best Way You Learn
People learn best in different ways. Therefore, I suggest you try to learn in the way that you learn best. If you are the kind of person that learns best by reading, then look for a program with a lot of written material. If you are a visual learning (like me), then video is probably your best bet. And if you need a lot of personal contact and all your questions answered before you put anything into action, I think a program with webinars are your best bet.
I personally choose video because you can see what you are learning and can watch the material as many times as you need and at your own pace. I’ve found books ok for learning one specific concept of trading, but not for an overall trading experience. Webinars can be great as well, but I find it distracting at times because the other traders on the webinars come from very different backgrounds and experience levels.
Choose The Forex Price Action Trading Method That Matches YOUR Trading Style
This is a big one. If you don’t pick the price action trading method that fits your trading personality, you won’t trade the system. At some point, the trading system you use has to FEEL like it is yours. If you have to force yourselves to trade at times that are uncomfortable, or use stop losses that go against your account size, you won’t stick to the program. Take my world for it, finding the right price action Forex trading system for YOU is the biggest key to becoming a successful trader.
If you want to learn from in-depth video instruction some of the best price action trading strategies, I suggest learning from Hector DeVille. You can learn the 3 SMA Trading Method for free to see if Hector, the systems he teaches and the way he teaches is right for you. This is a tremendous opportunity.
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