Is It Possible To Trade Forex Without Using Technical Indicators?
If you talk to any forex trader, you will find that the vast majority of them use technical indicators to make their trading decisions. However this does not necessarily mean that you need be an expert in technical analysis in order to be a profitable forex trader. Far from it in fact. There’s no question that technical analysis can help you greatly in making trading decisions, and many forex traders would be hopelessly stuck without it, but it is still possible to make good profits without using any technical indicators at all. For instance you could decide to take a longer-term view and use fundamental analysis to help you make your trading decisions. This way you don’t need to be so precise about your entry points and you can sit back and watch your position unfold without having to be constantly watching the markets all day. This type of trading requires you to be able to interpret the current economic climate and to some extent predict future developments, such as which way intere
