Proprietary Trading Company in USA

If you are a new trader who is seeking forex trader training, I've got a valuable lesson to tell you that I wish somebody had told me when I was first starting out.  The lesson is don't fall in love with your indicators.  I know....I know....they look really tempting when you are first starting out, but believe me in the long run, you are doing yourself a great disservice.

I speak about this from my own experience.  About a few years ago, when I first got involved in forex trading, I was an indicator junkie.  I must have put every conceivable trading indicators that I could find on my charts.  I also used the "generic" indicators like Stochastics, MACD, RSI, moving averages, etc..... But I also went on to every forex forum to scrounge around for every proprietary indicator that other traders had created.  You know, those ones which put a green up arrow to buy or a red down arrow to sell.

Eventually, something dawned on me.  I realized that I had spent most of my time learning about indicators instead of learning about the market. I knew everything there was to know about indicators but I didn't know anything about the market.

This seems pretty ridiculous, doesn't it? But the sad thing is this is how most new traders in this generation go about trading.  They are looking for the quick shortcut that will lead them to profits.  That's not then way it works. Think about all the successful traders in any market.  Do you really think they care about what Stochastics are showing them?  I really don't think so.

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