Thread: Trading is Simple!!

ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation of the equation that you can control is your average loss size.

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.

TRADING IS SIMPLE!

Trading is a business which works as we make it work, so if we are working in a simple way everything will be simple, but if we make things complicated then it will only be difficult. I love working with OctaFX broker with their simple policy of low spread which is just 0.2 pips, so it is easily the best thing to make my life easier and allows me to be really successful without any major trouble or issue at all.

Yeah I definitely agree it’s very simple but the only problem is that we try too much too quickly which leads it to becoming complicated and that starts reflex on the results. If we want to be successful then we must take the long route with proper step by step trading and that’s where I get great help with Nova FX broker, it’s having stable spread of 1.5 pips for all major pairs and also have really smooth trading platform!

Forex trading is not really simple because it is the biggest financial market in the world with high risk. Nevertheless when the needed or required knowledge and experiences are acquired through hard work or from a professional willing to assist. shaw academy review shows that this academy provides high quality, practical, professional online education for any level of traders.

Forex trading is a sort of business that we make it, so if we are positive and never complicate things then we will find it simply and beneficial, so that’s really what we have to do in order to gain maximum, it’s where I get a lot of help from my broker with their tidy conditions and facilities.

trading with the simple and therefore we should have a lot of good skills to be trading well. Therefore, we need to continue to improve the skills of trading. we can with a demo account or to participate in the contest demo

Absolutely true dear, it’s a mighty business but still it’s fairly simple, it’s just certain points that we need to work harder on in order to succeed and get it right, if we are able to do that then we give our self excellent opportunity to succeed and achieve our targets easily too, so just got to make sure we keep things simple and be positive.

Trading might not be exactly simple, but we better make it be simple, if we want to be successful then we need to make sure put it as simple as possible and only then we will be able to gain rewards. I have found how good it is to do things in simple way and have always given me serious benefits. It also helps when you get support from broker like OctaFX, it’s all class with been regulated plus a true ECN company and for which they have even won the award, so that’s why I like it so much and feel entirely at home and comfortable with such broker and it brings up several rewards for me and allows me to perform pretty nicely.

we should be able to prepare the proper conditions, and by utilizing the services broker, we should be more optimal in trading activities, and further optimize the analysis of trading well will be able to get consistent profits

if you are new in forex trading then you need to technical analysis in depth.If you plan to trade successfully then you need to learn a lot about forex trading. Without knowledge and skills it is difficult to survive in forex. you need to visit Forex related forums or read online books. Also you have a effective forex strategy. A good Forex strategy has these elements;

Determining when to enter the market.

Determining where to set your stop loss.

Determining when to exit the market.

The parameters set for 1, 2, and 3 above must return a profit over time!

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