Understanding how to read a “naked” or indicator-free price chart is essential for unleashing the full potential of any forex trading strategy. Even if you decide not to become a “pure” price action only trader, having a solid foundation in forex price action will positively influence whichever trading strategy you do decide to use.
The reason for this is simple; all forex trading strategies are derived from price movement, therefore, learning to read price action will make all of your interactions with the forex market much more effective than if you didn’t know how to properly interpret price action on a “naked” price chart.
Whether you decide to be a forex trend-trader, breakout-trader, day-trader, swing-trader, or a trader who trades all styles, you are going to be a more accurate and thus more profitable trader if you obtain a solid understanding of forex price action trading.
If you decide you want to use lagging indicators on your charts for some reason, being able to read the price action below the indicators is going to make you a much more effective trader than simply relying solely on the indicators. It is an obvious fact that all indicators are derived from price action, so it just makes logical sense that you understand this price action before or if you decide to go on to use other trading strategies or systems. Even forex trading “robot” systems will be made more accurate with a thorough understanding of price action, because if you spot an obvious forex price action setup it will reinforce your “robot” trading signal or perhaps send you a warning to ignore the robot signal.
Perhaps the best way to learn about forex price action trading and how to read a “naked” price chart, is from an experienced professional price action trader. Nial Fuller has been a successful price action trader for over 6 years now; his abilities to read and accurately interpret an indicator-free price chart have been developed through years of screen time and experience. You can learn to analyze the market with the exact same forex price action setups that he uses by checking out Nial Fuller’s forex trading course.
You will find simple yet effective price action trading strategies taught in his course material and member’s community. These price action strategies can be used to trade the forex market directly or you can combine them with other strategies. However, the simplest, most logical and effective way to trade the forex market is from a stripped down and indicator free price chart; just pure price action trading with no “bells and whistles”. This form of trading has been used for centuries; since the 1700s when Japanese rice traders invented candlestick and price action trading. It has obviously been refined and improved upon over the years, but price action trading is the only trading strategy that has been used successfully for literally hundreds of years. If you do not already possess a working and comprehensive knowledge of price action trading, you need to acquire this knowledge as soon as possible so that you can become a complete trader.
