Not too long ago, I’ve adopted a “minimalist” approach in my personal life that I had also been using in my trading for many years. The way that you become a trader who can trade from your coffee shop, a sofa, or any place else, is by simplifying your dealing, from the strategy you use all the way up down to the hardware as well as software you trade with. I actually got taking that approach to “simplify” my personal life from the way that simplicity and minimalism experienced improved my trading. Just as reducing the muddle and variables on my charts worked to boost my time, money, and total success level in trading, it had virtually exactly the same effect on my personal lifetime.
With global economic news constantly flooding our minds throughout the internet, TV and other mediums, a trader faces a near mountain of potential market-moving variables daily. By taking a minimalist way of our trading, we can cut-through all these variables by simplifying our trading concise where our market analysis and trade execution can be carried out in as little as a couple quick ten minute sessions on a daily basis, anywhere with an internet network. As most of you know can't, the trading strategy I utilize is price action, and specifically I love to trade price action strategies around the 4 hour and daily graph and or chart. Once you get this approach down, you really don’t need a lot of time to check the markets daily for your setups.
Trading is perhaps on the list of only professions in the world where doing “less” is more wholesome. Many people have trouble when they start trading as they are used to working long several hours, studying long hours, and generally doing wherever possible at their job or school daily. Thus, it’s natural to assume this philosophy should sign up for trading as well.
The problem with this is that your actions have exactly zero effect on the markets…all that you can do is analyze them and trade a high probability strategy. After you have discovered how to trade your strategy and also you feel 100% confident with the item, all that’s left to carry out is open up your charts a couple of times a day, look for the trade setups and then both enter a trade, possibly adjust stops or targets from your previous trade, or walk out. This notion that you must read forex news reports and sit your computer trying to make sense away from 5 different indicators, Elliot Influx and what the guy with CNBC is telling you…is just ludicrous, unnecessary and counter-productive! Consequently stop it!!
forex trader robot
With global economic news constantly flooding our minds throughout the internet, TV and other mediums, a trader faces a near mountain of potential market-moving variables daily. By taking a minimalist way of our trading, we can cut-through all these variables by simplifying our trading concise where our market analysis and trade execution can be carried out in as little as a couple quick ten minute sessions on a daily basis, anywhere with an internet network. As most of you know can't, the trading strategy I utilize is price action, and specifically I love to trade price action strategies around the 4 hour and daily graph and or chart. Once you get this approach down, you really don’t need a lot of time to check the markets daily for your setups.
Trading is perhaps on the list of only professions in the world where doing “less” is more wholesome. Many people have trouble when they start trading as they are used to working long several hours, studying long hours, and generally doing wherever possible at their job or school daily. Thus, it’s natural to assume this philosophy should sign up for trading as well.
The problem with this is that your actions have exactly zero effect on the markets…all that you can do is analyze them and trade a high probability strategy. After you have discovered how to trade your strategy and also you feel 100% confident with the item, all that’s left to carry out is open up your charts a couple of times a day, look for the trade setups and then both enter a trade, possibly adjust stops or targets from your previous trade, or walk out. This notion that you must read forex news reports and sit your computer trying to make sense away from 5 different indicators, Elliot Influx and what the guy with CNBC is telling you…is just ludicrous, unnecessary and counter-productive! Consequently stop it!!
forex trader robot
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