If you are brand new to forex trading, it may seem unusual to hear about forex traders trading without indicators, but its a fairly common practice.  Many of these forex educational courses teach traders how to trade without indicators.

Although the majority of the trading public still prefers to use trading indicators, price action is still something that most traders should learn about.

There are a couple of reasons for it.

For one thing it gives traders a deeper knowledge of what moves the prices and how you can take advantage of it to make pips.  There are several tools that people use to study price action.  For instance many people like to use Fibonacci retracements or trendlines.

But there are plenty of forex traders out there that can predict the market just by looking at a chart.  There is nothing they have to draw or put on their charts.  They can just see it.

One great teacher of this is Peter Bain.  He created a educational course called Forex Mentor to help out many of the struggling traders that are out there.

Trading without indicators may or may not be right for you.  Some people are able to get comfortable with it, while others are so used to trading without indicators that they never achieve much success without them.

You need to find out what works best for you.

But the truth is, there have been many successful traders throughout the history of trading (not just forex) that have followed only price action to tell the how and when to trade.

A great example of this is Jesse Livermore, on the most renowned stock traders of all time. He became a millionaire at the turn of the 20th century just by being a stock speculator.

He started off as floor trader just listening and following the price movement of a particular stock. He became a millionaire very quickly and was worth over $100 million dollars before the famous 1929 stock market crash.

Livermore has influenced a great many of traders by just showing that following price action can predict future price movement.

This should be a great lesson to many new traders, that somebody could actually trade the markets successfully by just listening to the price, let alone using a chart.

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