In one of my seminars, I had 400 participants eager to learn the tricks of the trade over a scheduled duration of four hours.

It is true that I have some “charisma” that helps keep my students alert and interested throughout their seminar. Yes, their seminar. I don’t really deliver seminars conventionally. In fact, I guide the participants to interact, express their opinions, and ask questions and clarify any misconceptions and gray areas they may have.

The result is always great. I am not saying that it’s my students that say it. Excuse me for sounding arrogant, I am actually very humble and approachable.

So, in one of my seminars, that as always exceeded the scheduled period by 3 hours, my students discussed, what else, trading. Trading tools, that is. The discussion gyrated around indicators, oscillators, custom, sophisticated, colorful, etc.

I am sure you get the picture. Unavoidably, the focus was shifted to me. All participants expected me to give the verdict. I have to admit that they all defended their favorite trading tool like professional advocates. Of course, some of them were about to be disappointed or perhaps all of them. But this is the beauty of my seminars. I deliver the truth.

So, when everybody was silent and I had the audience’s attention I said: “All stupid indicators are secondary”.

Now everybody was really silent. They were trying to digest what I said. That’s good. After all, that’s why I travel all over the globe delivering seminars. The goal is always to help traders protect their capital and if and only if the market is trending then profits will roll in.

Yes, if and only if the market is trending, then traders have a chance for profits.

I am sure that some may argue that they were profitable in ranging markets. Yeah right. Do it again and again consistently. I don’t think so.

Back to our topic. Trading tools including astrology and fundamentals. People go so far as to study trading forex using astrology! Let me make it clear. When there is a strong trend in the market then every trader can be profitable. That includes fundamentals as well. Please, dear fundamentalists, don’t be offended.

The truth is, that most traders ignore the most important indicator in trading forex or any other financial market.

Price! Yes, price is the most important indicator. Anything else is secondary.