No indicator Forex trading is also known as trading Forex without indicators. This simply means that you would base your trading decisions strictly upon price action rather than traditional indicators such as moving averages, stochastics, etc.

A simple example of no indicator Forex trading would be trading based upon new highs or new lows in a particular Forex market. For example, you may choose to buy a particular currency pair if the current price is greater than the previous 52-week high. With this same simple system in mind you may choose to sell a particular currency pair when the current price is below the previous 52-week low.

Trading Forex without indicators has grown tremendously in popularity. A great deal of this is due to the fact that many beginning traders have not been able to trade successfully using Forex indicators. Many will also say that indicators are lagging in nature and we’ll get in on important price moves too late.

I would like to clarify here that there is nothing wrong with using indicators, even the traditional ones in order to make your Forex trading decisions. It is not the use of indicators that caused traders to fail. It is the improper use of the indicators which have caused traders to fail.

No indicator Forex trading is no guarantee of your trading success. Just like trading with indicators trading Forex without indicators requires knowledge, patience, and skill.