When it comes to forex, there are a lot of people who want to know what the best forex trading strategy is? Of course, this is purely subjective. One person’s favorite strategy, may be something that another person would never trade in a million years. There is a good reason for all that. We’re all different people!

However, the only thing I would encourage to forex traders, is that “subjective” isn’t a dirty word. It’s not something that you have to run away from. I know the majority of traders out there, would just love to have a strategy that requires no interpretation and you can basically just shut off your brain, and not worry about having to make any decisions.

Unfortunately, that’s not the way trading works. If it was, we’d all be rich, because all of us would be trading the same mechanical system over and over again.

Interpretation and subjectiveness is what separates traders from one another. This is why my personal favorite forex trading strategy is price action.

If you are looking for something that you can trade on autopilot, and basically trade when your indicators tell you to, then price action is definitely not for you.

If you are the kind of trader who actually wants to analyze the market, then it’s right up your alley. Because with price action, there are no indicators. Want to know why? Because YOU are the indicator. YOU have to analyze what is happening in the market. YOU have to figure out where support and resistance is. YOU are the one in charge.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. You too could learn forex the right way.