Price action is the oldest strategy in the world of forex trading. It is a technical analysis type trading method. It seems ridiculous that the old strategy in place is unknown to so many. Ask some of today’s new traders what price action is and they will stare at you blankly. Some may have heard of it, but you can practically guarantee that no one will know how it works.

Today’s modern forex market is basically run by robots. Indicators are used to tell you when to buy and sell, with impressive unreliability. The trading community has definitely gotten lazy.

The principle of this method is very simple. It tells you current trends and predicts the way prices will move in the near future. When the stock market first opened its doors, all traders used this method to buy and sell. Jesse Livermore was a legendary trader in the early 20th century, and the only system he used was price action.

Why have things changed so drastically? By bringing indicators to conventional trading, everything has become much more complicated than it should be. Traders seem to have forgotten how to analyze the markets.

New traders entering the market are brainwashed with these wonderful inventions that make you money. They’ve never heard of it, but when their bank accounts are empty thanks to their mechanic friends, they’ll wish they had.

So download the indicators, learn the price action and become a real trader.