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Simplicity, at the base of my trading

Simplicity in trading, forex, spread trading, options, free trading ebook, free forex ebook

Simplicity in trading, forex, spread trading, options, free trading ebook, free forex ebookPaulo Coelho in his "The Alchemist" has written: "the simple things are also the most extraordinary things, and only the wise can see them".

In my life as a trader, I have seen many charts on which were applied different indicators and they were such that they I couldn't even understand where it was the price. Often I read of complex strategies as if more complicated was the strategy, the greater was the chances of success. The question I ask you is: How many of you would be to trade with this chart below?

Unreadable chart

To me is an unreadable chart… Often, with this system, if all the indicators, if all the setup does not go in the same direction, you do not open positions with the risk of not doing a trade for months. I read, also, of complex strategies, as if more complicated was the strategy, the greater was the chances of success.

The reality is that happiness is in the simple things (a sentence I read many times) and even in trading this principle is true. Since I realized this fact, my trading and my quality of life have greatly improved. Never forget that the most important thing on a chart is the price, it is to him that you have to pay your attention. Indicators can also be useful if used wisely, but nevertheless, they represent the reading of the past of the chart.

The advice I can give to all of you is: keep your trading simple. You will see that the simplest strategies, in the end, are also the most profitable. In the two free e-Books, you can see how the two strategies explained are based only on price, without the aid of any indicator.

Always rely on clear, simple and accurate things without getting into trouble by yourself.

 

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