A lot of traders have this idea that if they purchase the best forex trading software, they will instantly strike it rich. They think that all the intricacies of the market will be cleared up just by using this "magical software". It's not a realistic way to look at trading the forex market.
Trades have to understand that irregardless of the kind of tools that traders use, chances are it won't have any kind of correlation to the kind of success you'll have. It all comes down to the TRADER, not the tools. So even if you think you have the best forex trading software in the world, it means absolutely nothing if you don't know how to trade.
Think of it like this. What would happen if every single thousand dollar, "state of the art", charting platform or trading software just suddenly disappeared? The only thing you would be left with are simple bar charts or candlestick charts. What do you then? The majority of traders would probably freak out, while there are plenty of successful traders who wouldn't even budge over this news.
So realize, while there are people thinking that they have to spend hundreds or thousands of dollars every month on their trading platforms, there are people who are using perfectly free platforms like Metatrader and enjoying a lot of success.
Just think about this, the next time you see an ad for the latest "trendy" forex software that hits the market. Don't be fooled by the flashy packaging.
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 do the same with this forex trading system on price action.
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