If you want to learn how to day trade, you should learn about Price Action

I know there are tons of people in the world who want to learn how to trade. Who wouldn’t, right? You don’t have to work a 9 to 5 job that you hate, and you can finally make money doing what you love. Unfortunately, I have a reality check for you. About 95% of the forex trading public loses money. I’m willing to bet that a large portion of that 95% is day trading.

I don’t say this to scare you away from trying day trading. I only say this to help you avoid the same mistakes that so many new traders make. I want to make sure that you are taking the same steps to success as the 5%, not the 95%.

The shocking truth is that most people are not really interested in learning how to trade. They are

only interested in making money. I know this may not make any sense. But think about how most new traders enter the market. They hear about someone who has made thousands or millions of dollars trading the forex market and think I can do it too. But most are so obsessed with getting rich that it’s the only thing they can think about. Getting a proper education is the last thing on their mind.

This is why you see so many trading “shortcuts” nowadays. You know………..advisors, trading robots, “modern” charting platforms and indicators. It’s all for those looking for a quick buck (most don’t even get that).

If you want to learn how to day trade, you should really learn about price action trading. This means eliminating all the “junk” indicators you are using right now and start learning to read the market just by looking at a simple price chart.

Remember, a good trader doesn’t need all the bells and whistles, all he needs to do is look at the price.

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