Sunday, December 16, 2018

Keep It Simple

Keep It Simple

My Forex trading strategy was created with simplicity in mind. The most common downfall of today’s traders is over complicating their strategy.
Crazy Forex chart using indicators
We have all seen charts that look like this.
How can you trade comfortably using a chart like this?
How can you trade efficiently using a chart like this?
How can you trade from your smartphone using a chart like this?
You can’t, it is too messy.
The core rule of my price action strategy is to keep trading simple. Because the Forex trading strategies that work best are simple.
The only thing I place on my charts is support and resistance areas. I use these support and resistance areas in conjunction with candlestick analysis to trade Forex.
So what does a clean Forex chart look like? Much better than the monstrosity above!

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