The.I.S.S method, as it relates to Forex trading, is built upon an understanding that the best way to navigate the market is by learning to interpret and trade the raw price action signals that form naturally in the market. A trading method provides you with a way to make sense of daily market movement, whether the market is trending or consolidating, where as a trading system is a strict set of rules that allow for little to no degree of human discretion. Markets are just too volatile and complex to ever be dominated by a piece of software code or a mechanical set of trading rules. That last indicator-based method didnt work as you expected it to, but this new one seems like it makes a lot more sense and all the testimonials youve read just cant be wrong. This belief is exactly what causes many traders to blow out their accounts time and time again only to find themselves full of frustration and confusion. Would you like to receive premium offers (available to Myfxbook clients only) to your email? 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. Practice trading specific price action strategies combined with support and resistance levels for at least 3 months on a demo account, or until you are consistently profitable, before attempting any of this on a real money account. Clean vs Messy, the purpose of this article is to help you understand that you can use simple price action setups to successfully trade the forex market. By learning to read price action on a raw, naked price chart, you are learning an art and a skill at the same time. Conclusion: 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.
It describes this trading process step-by-step. The author guides the traders to test the steps for the last - kiss trade as they may be surprised at how well this trading system filters out fake-outs. Change into A Worthwhile Foreign exchange Trader In 5 Simple Steps Fractional pips, also referred to as pippettes, discuss with the fifth decimal place seen in some. A breakout doesnt always have a kiss but a kiss always has a breakout.
Save 25 Off Life-Time Membership To Nial Fuller's Pro Trading Course Trade Ideas Newsletter, Ends November 30th. This article will help you understand why people tend to over-complicate Forex trading and how you can use the power of simplicity to your advantage. I have seen many beginning and struggling traders try to trade with charts that look like the second one above with all the indicators. Last, kiss, message, add to watch, custom Analysis. Keeping it simple in regards to your Forex trading means keeping all aspects of your Forex trading simple, from the way you think about price movement to the way you execute your trades.