When it comes to trading, keeping it simple means not getting involved in complex strategies, not thinking too much about a certain aspect, and keeping all aspects of your work as simple as possible.
The problem is that this is one of the most difficult things to do for a trader. Most people ignore it simply because it doesn’t seem to provide any success.
We have been taught that the greatest wins come from the hardest battles. Well, when it comes to trading, things are completely different. The most successful type of trading is the boring one, experts say. In this article, we will be talking about how to keep trading as simple as possible in case you want to make money and be successful.
What does keeping it simple mean?
Saying that you need to keep things simple is one thing but actually doing that is completely different.
So, what does keeping it simple mean? It means that you should stop looking for that perfect money-making trading recipe and look at the prices on your charts instead.
Make it all more real and organic without dreaming too big. A lot of experts say that trading is about mixing art with skill. Art is creating a favorable situation out of what you have and not planning too much ahead while skill is required for the purely technical parts of trading. Again, keeping everything extremely basic is the key to success.
All of those legendary traders like George Soros and Warren Buffet have made millions by using extremely simple methods and learning to foresee price dynamics and market conditions through a different perspective.
The K.I.S.S. method
The infamous K.I.S.S. method stands for “Keep It Simple Stupid” and promotes exactly what its name suggests.
It is based on the idea that you can be a successful trader by simply learning how to interpret raw action price signals.
Many traders are trying to use a set of rules that are based on indicators and, in most cases, this strategy fails. This is why this method promotes simplicity and only using what you know to make money and not forcing anything into a box.
When it comes to keeping trading simple, we can suggest an online broker that can certainly aid you in your journey towards becoming the best trader possible.
AlphaFXC Trading is a prominent brokerage company that uses an advanced social network for quicker and smarter trading practices. AlphaFXC Trading gives its clients over 1,000 Forex and CFD instruments to work with and pledge that the lowest trade commission is just 0.8%. In addition, according to their online webpage, traders can rely on this broker to ensure a high degree of protection when it comes to their capital. All web-based actions are encrypted through a high-end program. This broker has four different account types for its customers and two trading platforms that are quick, intuitive, and super friendly with the traders’ needs.