It seems pretty obvious that the more forex 1 pip a day we make trading, the harder it’s going to be to make real money trading forex. For whatever the reason, people just don’t seem to listen. If all these “magical” indicators and robots worked, why are there so many people crashing their accounts? All these overpriced indicators provide absolutely NO insight to the market!
So, why are people spending their hard earned money on all this garbage? Most traders don’t really have a clue what’s going on in the market. They would much rather just fill their charts with indicators telling them when and how to trade. I don’t mean to come down hard on indicators. Truth be told that’s exactly what I used when I first started trading.
To prove it, here is an old chart of mine. This is how I used to trade. Needless to say, just like the majority of the people who trade forex, I did not have much luck with this. That’s when I started to think this through. Why am I trading something that I don’t understand? The indicators were doing the trading, NOT ME! I just went along for the ride.