Trading Without Indicators - What's the Secret?

When most people hear that somebody is trading the forex markets without any indicators, there is an instant look of confusion that comes across the face. To them it sounds like driving with a blindfold on, But as a matter of fact, its the exact opposite.

Most people that trade without indicators have the same reaction to those traders who need 20 indicators on their charts in order for the pull the trigger on a trade. They look at the mass of indicators as if they were blocking their view of what's actually going on.

Trading without indicators has been around as long as the markets have. They call it price action. It's all done by the trader looking at the chart and understanding how the current movements of the price, compared to past movements, can be used to forecast future prices. In other words, everything we need to know, is right in front of us. There is no need to block our view with needless indicators.

For example there are certain patterns in the forex markets (actually all markets) that can be repeated on a constant basis. They are predictive in nature, as opposed to indicators like and RSI or MACD which are always lagging. They are only telling us what has already happened. Anybody can be a millionaire if they only tell you what has happened already. The real skill is using past information to make an informed decision about what the future holds. Trading without indicators is as close as we'll ever get to becoming a forex psychic.

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Forex Mentor Review - How Good is Peter Bain's Course?

Forex Mentor is a course created by a very respected trader in the forex community named Peter Bain. Peter has thrown everything but the kitchen sink in his forex mentor course. He goes over all the education and information that he has learned in his 10+ years of trading the forex market. He leaves no stone unturned.

He makes sure that no matter if you are experienced or a complete novice to the world of forex, he takes you by the hand in a simple and accessible way, and shows the ropes of what it takes to succeed and trade full time trading forex.

He doesn't believe in using lagging indicators like 99% of the trading systems that are out on the market. His methods focus specifically on using price action, such as finding key support and resistance lines and use them as leading indicators.

This may seem strange to many people who hang out in forex forums and follow the latest trading system that was just devised by one of its members, only to hang it up in a weeks time.

Peter Bain wanted to make sure that Forex Mentor wasn't going to be like that. He makes sure you never fall behind the course as he gives you daily trading examples, (part of the membership) so you can tell exactly how well you are progressing in the course. Frankly, it's one of the most respected courses that is available in the marketplace, as many users regarded it as having an incredible reputation.

To learn more about Forex Mentor and to find out what real users have to say about it, make sure to go to LearnForexDirectory.com to see the complete Forex Mentor review.