Traders like Steven Livermore made millions of dollars at the turn of the 20th century on the floor of the stock market, just by paying attention to the price movement of stocks. The best forex trading strategy I've come to learn is price action. Although we have all of the state of the art technology at our disposal, all you ever need is a simple bar chart, and the ability to pay. Most people just usually stick with indicator driven systems, and that is why so many people fail. It's as old as the market itself, and it amazes me how many people disregard it. I really admire traders who can trade this strategy successfully, but I find counting the waves to be WAY too confusing and arbitrary.

Because they are relying solely on lagging information, they don't really get any insight as to what is happening in the market at real time. Other forex trading strategies are just too involved for many people to follow.

Dall Waves are a good example of this. To many, it is really difficult to pick the best forex trading strategy, just because there are so many of them around.

The amazing thing is that the concept is the same even 100+ years later.