Do you know why retail traders lose consistently in the financial markets?
One of the biggest reasons is because they use indicators to make their trading decisions.
Now don’t get me wrong, indicators are not evil but, if you’re using them to analyze the market, then you’re using the wrong information.
Indicators are created by applying a formula to the price. This means indicators can be manipulated to give out a bullish or bearish bias (depending on your formula).
Don’t believe me?
Then ask yourself, how often have you seen indicators give you conflicting signals?
The RSI indicator is bearish but the MACD is bullish.
So what now? Which indicator do you trust? MACD or RSI?
You can tweak the RSI indicator and make it bullish too, and now you have “confirmation” from both indicators.
Does it make sense?
Of course not! It’s madness.
So here’s the deal:
Stop relying on trading indicators to form the basis of your analysis because it doesn’t give you an objective view of the markets.
Without an objective view of the markets, you can’t make the right trading decisions.
Without the right trading decisions, you’ll find yourself losing consistently in the markets.
Now you’re thinking:
“How do I get an objective view of the markets?”
Well, you should learn how to read the price action of the markets.
Because unlike indicators, price action isn’t manipulated by formulas and this gives you an objective view of what the market is doing— without any “tricks”.
And if you’re interested to learn more, then I’m excited to introduce to you…
Price Action Trading Secrets.
You’re probably wondering…