In the example chart below, we can see the chart is very cluttered and messy with many indicators that will confuse you and distract you from the price action below… If the power of simplicity in Forex trading was not clear to you yet, analyzing the charts above should make it more than obvious to you.
Not through complicated trading software or lagging indicator based trading methods, but through a discretionary market perspective that was developed through an awareness of price dynamics and market conditions in the various markets they traded. In the example chart below, we can see a clean and simple price action chart with no indicators. Markets are just too volatile and complex to ever be dominated by a piece of software code or a mechanical set of trading rules. By trying to force a set of strict indicator based trading rules around the unbounded arena of financial markets, many traders unknowingly make trading infinitely more complicated and difficult than it ever needs to be.
However, most beginning traders, and many experienced but unsuccessful traders, take the complete opposite approach to trading the markets; they make it as complicated as possible. Keep onlne mind that trading is inherently risky and this information is for educational purposes only and it is not met as a recommendation to buy or sell any financial instrument. The fact is, that while almost all traders would say they want to make trading a simple process, they are going about it in the totally wrong manner. They tend not to hold onto investments that are not profitable.
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KISS traders believe that complex trading strategies and modes of analysis can be counterproductive to the bottom line: Conclusion Sometimes highly sophisticated kussing are worthwhile to investors, and other times they complicate things without actually yielding better results. The K. As humans, we seem to have an almost innate tendency to make the easiest part of trading chart analysis and finding trades a lot more difficult and complicated than it needs to be. An example of a simple trade Say a stock experienced a breakout to the upside, followed by a reversal bounce.
An example of a simple trade
KISS traders may receive some flak from those investors oFrex believe in rigorous analysis at all Fore, but the most successful Onlind proponents make a profit without worrying about those details. That being said, if you are dead set kissin becoming a profitable and consistent forex trader, stick with the KISS forex trading method and master the concepts outlined in this article and in my Forex trading courseand you will begin to see that profitable trading does not need to be complicated. The KISS trader might deduce a low risk entry point for the stock based on this history.
I have seen many beginning and struggling traders try to trade with charts that look like the second one above with all the indicators on it. Now that you have a basic understanding of the why and the how of the KISS method, you can begin to work on practicing its implementation. Thus, the more that an investor knows about a particular stock or area, the easier it will be for him or her to find the simplest solution to an investment problem.