If you want to trade the Forex market, the best way to do so is to learn how to read the price action on a plain vanilla price chart. So, no lagging indicators or trading software systems, or anything else. The very first thing you should do as you learn to trade forex, is obtain a solid understanding of the uninhibited price action on a “naked” price chart.

Why is it so critically important to understand price action trading though? To start with, price action is the “core” of any market. All fundamental and global news events result in the movement of price over periods of time. Since price action provides us with the most important view of a market, when you learn how to read you are learning how to interpret this view.

The price movement of a market is the most important aspect of it. The price of a given stock, commodity, or currency is a reflection of its current supply and demand situation, and the movement of price is the most important analysis tool we have as traders. But, a lot of new traders ignore the clear and obvious power of price action and avoid making price action trading strategies their main trading analysis tool.  Many traders instead try to use ineffective analysis tools like indicators, robots, and other silly and ineffective trading “methods”.

This is analogous to going to a dentist to fix your car. When you could just go directly to an auto shop there is no reason to do that? Why then do many traders use overly-complicated price-derived analysis tools when they could just learn to trade off pure price action? The answer is probably too long to get into in this article, but it has to do with human beings being irrational and emotional when it comes to managing their own money. A lot of people think that Forex trading needs to be technically complicated or expensive. What I am telling you is that this is just not true. A lot of very successful traders including me have learned to make money consistently by using effective yet simple forex price action trading strategies.

Price action trading is really on that difficult. You should however learn to trade price action from an experienced price action trader. After you have mastered the art and skill of trading with pure price action however, you will begin to see the market in much simpler and logical terms. When you stop using indicators and other such useless trading “tools”, you will be cleaning up your charts and your mind at the same time. This is one of the first things that drew me to trading Forex with price action; the chance to “untangle” my charts and my mind of all the indicators and over-complicated B.S. that I was using.

So, while you learn forex, be sure you get educated on a high-probability yet simple trading strategy like price action. You will be learning how to trade, not just learning how to interpret a mess of indicators or trading software, so this will pay you back many times over in your Forex trading career.

Trading the Forex market with an effective trading strategy that is simple to understand and simple to use is very important to achieving long-term success as a trader. Many aspiring Forex currency traders find themselves on a road of frustration and confusion however, because they have to wade through the swamp of trading systems and strategies floating around the internet. There are countless numbers of trading “robots” and lagging indicator-based trading systems that sound effective on the surface but deliver little in the way of substance or knowledge.

Learning how to trade the raw price action that occurs each day in the FX market is the best way to learn how to trade FX. There is just no need to use lagging indicators or forex trading software when all you have to do is just learn currency trading based on the natural price action setups that form in the market. Forex trading success is largely a result of mental discipline and self-control; there is no get-rich-quick magic, and many aspiring FX traders don’t seem to understand or believe this. You DO however need to have a high-probability Forex trading edge.

The best way to learn price action trading is from a trusted and experienced price action Forex trading education source. You ideally want to learn from a real trader; a Forex trading mentor. As you learn to trade the Forex market, it is very important to learn from a trader who has been in your shoes and made it out successfully. A lot of beginning Forex traders don’t remember this or don’t do it, instead they wind up spending thousands of dollars for some trading software or course that promises the world but delivers little in the way of results. Obviously, if it was that easy everyone would be rich.

The best forex training that you get needs to come from a trusted source that provides you with plenty of free materials. Be careful if you come across some trading system or indicator that sounds too good to be true, it probably is. Like I discussed previously, the best FX trading strategies are designed upon simple trading techniques to analyze price action. When it comes to your trading strategy you really don’t need anything fancy, what you need is something simple and effective. However, there will always be some study and effort involved on your part, any trading system or strategy that claims to be the “holy grail” or similar, should be viewed with extreme skepticism and probably ignored.

In order to make money in the Forex market consistently you have to master your own mind and have a lot of discipline. You must learn to ignore the temptation to over trade or bet too much on one trade, they will be hounding you non-stop, you will lose money if you give in to them though. If you can manage to become a disciplined and calm trader, and learn an effective trading strategy like trading forex with price action, you will likely have a very good chance at profiting consistently in the FX markets.