Trading price of Forex has become increasingly popular.  This particular technique is also known as “trading Forex with no indicator” as well as “no indicator Forex trading”.

The principle behind this is actually quite simple.  Trading decisions are based strictly upon the price action of the markets.  What exactly does this mean?  Good question.  Price action trading seeks to find relationships between different price levels.  What you want to find in this type of trading is a price pattern that has successfully preceded a favorable market move.  For example, if you find that the market moves up after three consecutive higher highs you may want to place a buy order.

It is important to note that you cannot arbitrarily pick out a price pattern on which to base trading decisions.  This is where your Forex trading research will come in.  You will need to make certain that the price pattern you have chosen to trade with has a good probability of repeatable success.  Once you’re comfortable that the price pattern is one you can depend upon you can then start to test it out in real time.

There are numerous ways of trading price of Forex in order to be profitable.  Your very best bet is to do your homework to make certain that the price patterns you have chosen will be those you can rely on in the future.