Yes, trading forex successfully without using indicators in China is possible. This approach, known as price action trading, focuses on analysing raw price movements and chart patterns instead of relying on technical indicators. Many traders achieve success by concentrating solely on market behaviour, trends, and support and resistance levels. Here’s how you can trade forex successfully without indicators.

Price action trading involves studying the movement of prices over time to make informed trading decisions. This method emphasises recognising chart patterns, candlestick formations, and key levels of support and resistance. Common chart patterns include double tops, triangles, and head and shoulders, while candlestick patterns like pin bars, engulfing patterns, and doji provide additional clues about market direction. By focusing on these tools, traders can predict market psychology and trends without lagging indicators.

Understanding market fundamentals and behaviour is essential for trading without indicators. Trend identification helps traders determine if the market is in an uptrend, downtrend, or range-bound phase. For instance, higher highs and higher lows indicate an uptrend, while lower highs and lower lows signal a downtrend. Support and resistance levels provide critical price zones where reversals or consolidations often occur, and these zones are invaluable for setting entry, stop-loss, and take-profit points. Assessing market sentiment, especially in response to news and economic events, is also key to navigating price movements. For example, economic releases like GDP data or trade balances can significantly impact currency pairs such as USD/CNH.

A disciplined trading strategy is crucial when trading without indicators. Establish clear entry and exit rules using price action signals such as candlestick patterns or breakouts. Always implement strong risk management by setting stop-loss and take-profit levels. Limit your risk exposure to a small percentage of your trading capital, such as 1–2% per trade. Focus on trading during high-liquidity periods, such as the London–New York session overlap or during key economic announcements, to maximise trading opportunities.

Trading successfully without indicators requires extensive practice and skill in interpreting market behaviour. Using a demo account can help you hone your ability to recognise chart patterns, master candlestick analysis, and make confident decisions based on price movements alone. This practice ensures that you can execute trades effectively without relying on external signals.

Fundamental analysis plays a critical role when trading without indicators. In China, this includes monitoring economic data such as GDP growth, inflation, and central bank decisions. Geopolitical events, trade policies, and regulatory updates also influence currency movements and must be considered. Staying updated on these factors provides a foundation for making informed trading decisions.

Staying informed about market sentiment and global events is vital for forex trading in China without indicators. Tools like economic calendars can help you track upcoming events affecting currency pairs, while Commitments of Traders (COT) reports offer insights into trader positioning and sentiment. These resources complement your price action analysis and enhance your ability to predict market movements.

Trading forex without indicators offers several benefits. Price action provides real-time insights, eliminating the lag associated with many technical indicators. It simplifies charts, reducing distractions and improving clarity. Additionally, this approach enables traders to adapt quickly to changing market conditions by focusing on raw price behaviour rather than relying on preset signals.

However, this method also comes with challenges. Mastering price action trading requires time and effort, as interpreting price movements can be subjective. Discipline is essential to follow your trading plan and avoid impulsive decisions. With practice and patience, these challenges can be overcome, making price action trading a rewarding strategy.

Trading forex successfully without indicators in China is achievable through disciplined price action trading, a strong understanding of market fundamentals, and a focus on trends, support and resistance, and candlestick patterns. While it requires effort and practice, this approach offers real-time insights and adaptability, making it a powerful method for traders seeking simplicity and clarity in their strategies.