Forex's Oldest and Best Forex Trading Strategy:

In fact, it's not that hard to find the oldest trading strategy around. It is as old as the market. It's called price action. In fact, it is surprising that not only is this strategy the oldest but also the best.

What is more surprising is that it uses almost NO! How funny it is! You have traders who spend insane money one after another using a Forex trading robot. I think no one wants to work anymore. They would just be happier by selling robots to them.

So why should price action be used? From the beginning, it's the most hopeless way to tell where the trend is. You will also be able to learn how to properly indicate where support and resistance is at a price. You can use it where the future price can go.

Believe it or not, this is nothing new. Traders have been using price operations since the first day of the stock exchange. Back then, they had no live, real-time charts. You have brokers who are just following the price action on the bottom of the market. There have been legendary merchants, such as Essie Livermore, who was enriched in the late 1800s, doing so.

Obviously, a lot has changed since then, especially when looking at the Forex market. While some changes were good and others ….. not so good. I think technology, though impressive, has made traders a little lazy. Instead of traders finding out the market for themselves, they also rely heavily on all the bells and whistles to tell when to trade.