Does John Templeton’s trading in the Buff Forex system really work?

The question posed in the title of this article should really be turned around and asked: Has John Templeton’s formula (of using price action to determine successful currency trading) ever consistently failed? And the answer is: No. It’s not. Not in all the years since was markets in which they trade. In fact, this is what many, if not most, successful professional forex traders use as the main guideline for finding successful trading opportunities.

According to John, if you’re looking for a trading robot (also known as an “expert advisor” or expert advisor) to help you trade the forex market, you’re barking the wrong tree when it comes to finding profitable trades. “Markets are too complicated for a robot to trade for you.” There are too many variables that can occur for any self-respecting forex trader for a robot to trade. Besides, it just doesn’t make any sense, at least with the data that most of these robots program to collect and decrypt. In other words, the data they take into account and decipher are not always data that can be exploited.

And what about those who trade using “special indicators?” Special indicators are interesting in theory; and they certainly represent an intriguing selling point for those selling foreign exchange trading strategies based on the use of these indicators. However, they only tell you what they are already happened. They show a trend already in the middle of their life cycle. But they are certainly not able to predict where the market will go much longer. And by the time you enter the store using these metrics, you’ve already lost half your profits could made. Well, what a benefit!

Let’s examine an indicator like stochastics. According to so-called “experts”, this indicator should show you when the market is overpriced or overbought. But how does this relate to the forex market, where what you buy is one currency relative to another, not a product-oriented stock that competes with similar product-oriented stocks? As John asks, “Just because this indicator tells you that the currency has been overbought or resold, does that really mean it’s time to buy or sell?” The currency market is different from traditional commodity investments or investments in product stocks.

John sees himself as a technical trader who is focused on price action by laser beams, which is why he condemns all these trick theorems for investing in the foreign exchange market. “Once traders can get rid of that way of thinking and start focusing on what’s important to a technical trader, and that’s price movement, then you can start calling yourself a trader.” Finding potential craft profits based on price movements or price movements is what John’s educational material is Buff Trading teaches.

And he’s not just taking a step for his Forex trading product; he says from experience: “When I first started trading forex, I had to take my lumps, just like everyone else. I was buying one gadget after another. And after all that, it became obvious to me. No gadget will do the job for I won’t be able to push a button and become a millionaire. “

Instead, he hunched over and began studying the only forex trading signals he needed to let him know which currency pairs to invest in: price movements. Which currencies you invest in varies depending on market conditions, which are always in a state of change. Market conditions will change, depending on whether it is a moving market or a trend. But you have to be able to look at the bare statistics and know what you’re looking at so you can tell what’s going on right now.

Modern forex trading systems will come and go, just like any other whim for trading. However, if you really want to make money trading in the exchange market, you better pay attention to the basics. And that means observing price action and the fundamentals that drive price action. There are effective data.