Learning to Trade Forex Keeping It Simple

The main cause of failure for any trader is taking a simple process and by sheer force of will power making it complicated. Trading is a VERY simple business. The path to success is to STOP trying to rule base this on singular components.

Example: A high volume flag means nothing. A wide bar means nothing. A historic Belief level means nothing, and so the INDIVIDUAL list goes on. What DOES mean something is to keep your analysis WIDE, that is take a global view, then play a “What if” game. Take all the components you can and then make a decision with a 51% edge NEVER tell yourself that this WILL go up or down. Telling yourself this will cause commitment to ONE side. It will build a BELIEF in you that your belief WILL work out.

Posted in: Forex