Yes, trading without indicators can be profitable in the forex trading industry. Price action trading and naked trading are approaches that rely on reading and analyzing price charts without the use of traditional indicators. Traders using this method focus on identifying key support and resistance levels, chart patterns, and candlestick formations to make trading decisions. By closely observing price movements, traders can gain insights into market sentiment and potential future price movements. However, it requires experience, discipline, and a deep understanding of market dynamics. While indicators can provide valuable insights, trading without them can be a viable approach for those who prefer a more simplistic and intuitive trading style. Ultimately, profitability depends on a trader's skill, strategy, risk management, and ability to adapt to market conditions.
