Forex Investors Risk Losing Money in New Market Conditions
Investors typically rely on indicator-based forex signals to guide their trade choices. Whilst theses indicators make sense during stable economic times, recent market volatility makes the traditional use of indicators potentially dangerous to forex traders.
“The accuracy of many popular indicators depends upon repeatable chart patterns during times of stability,” says Shona Fitzpatrick from PriceActionTrader.blogspot.com. “The trouble is, our market right now is not stable; so traders should beware of trusting chart indicators and begin to make trade decisions based on Price Action,” she continues.
Fitzpatrick argues that Price Action combined with Volume offers a clearer representation of current forex trading opportunities than traditional indicators. “Not only can trading with Price Action be more accurate, it also removes the confusion often caused by misunderstood indicators,” she says.
Subscribers to PriceActionTrader.blogspot.com are beginning to discover the benefits of harnessing Price Action and Volume as the basis of their forex signals for trading. The website offers free tips on trading using Price Action and an affordable course is available for forex traders seeking in depth training.
Shona Fitzpatrick is an advocate of forex signals based on Price Action with Volume confirmation. She hopes to help traders understand the benefits of trading forex without dependence on traditional indicators. At http://priceactiontrader.blogspot.com she teaches forex traders to trade without traditional charting indicators. Their free tips and affordable courses emphasize the power of reading Price Action and Volume as key forex signals for effective trading.
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