Free Forex - Who Doesn't Love The Word "Free"?

I have yet to meet anyone who doesn't just love the word "free".  When it comes to forex trading though, things can get a little complicated.

I have yet to meet anyone who doesn't just love the word "free".  When it comes to forex trading though, things can get a little complicated.  The word "free" can be good or bad, depending on the context.

Let's start of with the obvious.  There is a lot of FREE information on the internet, especially when it comes to forex. You've got countless forex forums, forex chat rooms, forex newsletters, etc..... The list goes on and on.

It's great to have a community where traders can discuss different trading strategies.  I'm all in favor of that.   So it's great that all this freely available information can be accessed by anybody, the bad news is that it can be accessed by ANYBODY.

Let's face facts.  There are a lot of struggling traders out there.  Most of them, you'll find real busy on forex forums.  Why do you think that is? For the same reason, that you're on the forum.

They're looking for the holy grail. 

Well... let me save you a lot of time and evergy.  There is no such thing as the holy grail, and I can really assure you that you are not going to find it on a free forex forum. 

The one thing that always bugged me about the forex forum is the countless threads dedicated to systems that needed 5 or 6 indicators to trade with.

If that wasn't bad enough, there are tons of threads dedicated to some forex robot that all the members were trying out.  (like I said they're looking for the holy grail).

It bothered me that there wasn't a little more analysis being done on these forex forums.  There was such little discussion about price action, and proper technical analysis. 

It seems as if we live in a trading world where traders think that if they have the most toys, then they'll make the most money.

This is one instance where I wished people used the word "free" more often.  But unfortunately, you've got traders who spend thousands of dollars on these bells and whistles.

For example, let's look at charting platforms.  There are perfectly good charting platforms that are absolutely FREE like Metatrader, yet you've got people who will waste money on thousand dollar platforms because they come with more indicators, toys, etc...

When did trading get like this?

Just because you see a flashy commercial with the latest revolutionary, "state of the art" software, doesn't mean you actually need it. 

That goes double for any forex robot that you're thinking about buying.  Listen, there are days when I really don't feel like trading the market, and I wish I could just outsource the work to a robot.

But there is one small problem with that.  The markets are not programmable.  You can't just program a script to trade the market for you.  If it was that simple, then nobody would be working on wall street.  They'd be lying on the beach counting their money.

Traders have to start getting back to the basics of trading.  This starts and ends with learning price action.  If I were you, I'd look for a forex trading system that can teach you that. 

Learn Forex From Price Action Trading