Price Driven Forex Trading Explained

Price Driven Forex Trading Explained

Price Driven Forex Trading Explained

What is Price Driven Forex Trading? Traditional forex trading consists of using Fundamental or Technical analysis as indicators to trade the market. Price Driven Forex Trading (PDFT for short) is a method of trading the FX market without using any type of indicators, support or resistance levels, moving averages, pivots, oscillators, fibonacci, trend lines or ANY other trading tools. In simple terms, PDFT only uses the price of the currency pair and a time element.

Price Driven Forex Trading is based on the fact Price is King in forex trading and you are more likely to be profitable trading currencies by basing your buy/sell decisions on what price is doing rather than trying to interpret indicators which are mostly all lagging.

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