Forex Myths: Elementary Vs Complex Strategies
Since I started to acquire trading, I heard a lot that "I should hold it simple!". Maybe all of you lot are familiar amongst this sentence, exactly what this actually agency ?
Based on a salubrious trader plan, beginner or not, the correct way to start trading a novel strategy or system, is to evidence it on exhibit for a while, earlier jumping on the existent coin account.
So, lets tell you lot are a beginner together with learned already the "simple" tools similar Trend Lines, Support/Resistances, Channels together with Moving Averages. You started past times newspaper trading (history), you lot tested it on alive (but demo) together with you lot decided it's working great. And you lot started existent coin work organisation human relationship trading amongst these tools. And it's working. Whats the adjacent footstep ? Are you lot gonna remain amongst this trading way ? From my personal experience, I don't think so.
First of all, it's human nature, to "complicate" things. Second of all, you lot can't purpose solely the higher upward mentioned tools, forever. Because you lot volition notice is non working all the times. And you lot volition start to wonder why. That is a crucial instant for a beginner trader, because they volition outpouring fast to the conclusion, that is non working together with thence they volition think of changing it completely, amongst something novel together with different. Which is wrong, sometimes. Maybe you lot didn't acquire it well, together with thence all you lot need is to halt trading it on real, travel to exhibit in 1 trial to a greater extent than together with don't come upward dorsum to real, until you lot volition respect out what went wrong. Also, you lot tin add together other advanced tools to filter your faux signals.
Therefore it doesn't affair if your strategy or organisation volition travel or not, you lot volition change/upgrade it, all the time. But the principal inquiry is still: How unproblematic you lot should hold your trading way ?
For those of you lot that studied my course of teaching and/or attended my alive classes groups, elbow grease to recall that time, when you lot joined advanced aeroplane class. You were starting exhibit trading for beginners lessons together with tools, already, piece you lot were doing newspaper trading (history) amongst the intermediate aeroplane tools together with strategies. Also, when you lot completed the intermediate, you lot started to purpose those intermediate aeroplane tools, on live, exactly withal demo. On the adjacent step, you lot started to use, the advanced tools for newspaper trading again. But your alive trading portfolio already comprise beginners together with intermediate aeroplane tools. And ofcourse, when you lot finished the advanced aeroplane class, you lot started to purpose on real, the beginners together with intermediate aeroplane tools, piece you lot were withal practicing demo, the advanced ones.
If you lot volition elbow grease to recall your basic charts, from the beginning, you lot volition all notice those tools "looks likewise simple", for you, now. That is because, many of you lot are advanced traders correct now. And in all probability some of you, already using the advanced tools, on your existent coin account.
This is the most logical wheel of learning: getting familiar amongst the basics, practicing it together with using it profitable, inwards the end. By working similar this, after many years, you lot volition notice a large departure inwards your trading style, because fifty-fifty advanced tools, are unproblematic for you, today.
The existent work is when you lot think, you lot already reached the advanced level, exactly you lot didn't took the correct steps together with you lot are using it wrong, fifty-fifty the basic tools. This could come about if you lot are having a lack of patience inwards your learning curve.
Simple vs Complex Strategies
By keeping your trading way equally unproblematic equally tin live on (efficient), doesn't hateful you lot should halt learning. In trading learning volition never stop. It shouldn't. That doesn't mean, that you lot should elbow grease all the possible ideas of all the traders to a greater extent than or less the web, either. In my indicate of take in it agency you lot should ever human face for novel ways of improving your systems or your trading style. Because you lot volition elbow grease to maximize your profits. You desire to live on to a greater extent than efficient. And since at that spot is no perfect system, you lot volition ever elbow grease to explicate yourself those bad entries signals, exits, etc. This is why nosotros hold the trading journal, correct ? Those marks, nautical chart examples together with questions, volition assist us to travel meliorate traders, eventually.
Could you lot ever travel dorsum to your previous "simple" tools ? Should you lot ?
In my way of seeing it, it's non probable to produce it. Because when I've create upward one's take away heed it to proceed existent amongst that tool or system, it agency I've tested it for months. So I had a skillful argue to proceed amongst it, on the adjacent step: the existent trading. Same steps, for upgrading it (adding novel tools). So, there's no indicate for me, to arrive unproblematic than that, anymore.
Conclusions
I think this mutual maxim "keep it simple!", is good, by together with large for the beginners, due to human nature of complicating things, when they shouldn't. Because inwards that moment, many think a complicated nautical chart is better. But is not, for them. That's why nosotros tell nigh their charts that looks similar "Christmas Trees", when they add together tens of oscillators together with indicators, that volition brand them to a greater extent than confused, than helping them. That it is wrong, indeed.
But because some people volition recall this sentence, after on, when they reached the advanced level, they volition halt learning, thinking "Hey, I should hold it simple!". Which inwards my thought is wrong, again. You volition never travel pro trader similar this. You volition remain a beginner forever.
(e.q. Remember when you lot saw my charts, initially ? Remember all you lot questions nigh ? How nigh now, when you lot already drawing it, almost similar me ? Would you lot halt developing, straightaway ? Would you lot travel dorsum to your "simple" charts, in 1 trial to a greater extent than ?)
Well, ofcourse depends on what produce you lot hold off from your trading activity. But don't you lot ever think, that using solely few unproblematic tools, you lot volition bring profitable results forever.
Therefore, I think this is a misconception, for most of the traders, beginners or not. In my thought the correct maxim should be: "Keep it simple, according to your level!". And equally advanced aeroplane trader, don't you lot ever think "Simple is better!", equally long equally you lot know good together with you lot tested properly your "complex" strategy or system.
Best Regards,
^^_Lord_Ice_^^
Based on a salubrious trader plan, beginner or not, the correct way to start trading a novel strategy or system, is to evidence it on exhibit for a while, earlier jumping on the existent coin account.
So, lets tell you lot are a beginner together with learned already the "simple" tools similar Trend Lines, Support/Resistances, Channels together with Moving Averages. You started past times newspaper trading (history), you lot tested it on alive (but demo) together with you lot decided it's working great. And you lot started existent coin work organisation human relationship trading amongst these tools. And it's working. Whats the adjacent footstep ? Are you lot gonna remain amongst this trading way ? From my personal experience, I don't think so.
First of all, it's human nature, to "complicate" things. Second of all, you lot can't purpose solely the higher upward mentioned tools, forever. Because you lot volition notice is non working all the times. And you lot volition start to wonder why. That is a crucial instant for a beginner trader, because they volition outpouring fast to the conclusion, that is non working together with thence they volition think of changing it completely, amongst something novel together with different. Which is wrong, sometimes. Maybe you lot didn't acquire it well, together with thence all you lot need is to halt trading it on real, travel to exhibit in 1 trial to a greater extent than together with don't come upward dorsum to real, until you lot volition respect out what went wrong. Also, you lot tin add together other advanced tools to filter your faux signals.
Therefore it doesn't affair if your strategy or organisation volition travel or not, you lot volition change/upgrade it, all the time. But the principal inquiry is still: How unproblematic you lot should hold your trading way ?
For those of you lot that studied my course of teaching and/or attended my alive classes groups, elbow grease to recall that time, when you lot joined advanced aeroplane class. You were starting exhibit trading for beginners lessons together with tools, already, piece you lot were doing newspaper trading (history) amongst the intermediate aeroplane tools together with strategies. Also, when you lot completed the intermediate, you lot started to purpose those intermediate aeroplane tools, on live, exactly withal demo. On the adjacent step, you lot started to use, the advanced tools for newspaper trading again. But your alive trading portfolio already comprise beginners together with intermediate aeroplane tools. And ofcourse, when you lot finished the advanced aeroplane class, you lot started to purpose on real, the beginners together with intermediate aeroplane tools, piece you lot were withal practicing demo, the advanced ones.
If you lot volition elbow grease to recall your basic charts, from the beginning, you lot volition all notice those tools "looks likewise simple", for you, now. That is because, many of you lot are advanced traders correct now. And in all probability some of you, already using the advanced tools, on your existent coin account.
This is the most logical wheel of learning: getting familiar amongst the basics, practicing it together with using it profitable, inwards the end. By working similar this, after many years, you lot volition notice a large departure inwards your trading style, because fifty-fifty advanced tools, are unproblematic for you, today.
The existent work is when you lot think, you lot already reached the advanced level, exactly you lot didn't took the correct steps together with you lot are using it wrong, fifty-fifty the basic tools. This could come about if you lot are having a lack of patience inwards your learning curve.
Simple vs Complex Strategies
By keeping your trading way equally unproblematic equally tin live on (efficient), doesn't hateful you lot should halt learning. In trading learning volition never stop. It shouldn't. That doesn't mean, that you lot should elbow grease all the possible ideas of all the traders to a greater extent than or less the web, either. In my indicate of take in it agency you lot should ever human face for novel ways of improving your systems or your trading style. Because you lot volition elbow grease to maximize your profits. You desire to live on to a greater extent than efficient. And since at that spot is no perfect system, you lot volition ever elbow grease to explicate yourself those bad entries signals, exits, etc. This is why nosotros hold the trading journal, correct ? Those marks, nautical chart examples together with questions, volition assist us to travel meliorate traders, eventually.
Could you lot ever travel dorsum to your previous "simple" tools ? Should you lot ?
In my way of seeing it, it's non probable to produce it. Because when I've create upward one's take away heed it to proceed existent amongst that tool or system, it agency I've tested it for months. So I had a skillful argue to proceed amongst it, on the adjacent step: the existent trading. Same steps, for upgrading it (adding novel tools). So, there's no indicate for me, to arrive unproblematic than that, anymore.
Conclusions
I think this mutual maxim "keep it simple!", is good, by together with large for the beginners, due to human nature of complicating things, when they shouldn't. Because inwards that moment, many think a complicated nautical chart is better. But is not, for them. That's why nosotros tell nigh their charts that looks similar "Christmas Trees", when they add together tens of oscillators together with indicators, that volition brand them to a greater extent than confused, than helping them. That it is wrong, indeed.
But because some people volition recall this sentence, after on, when they reached the advanced level, they volition halt learning, thinking "Hey, I should hold it simple!". Which inwards my thought is wrong, again. You volition never travel pro trader similar this. You volition remain a beginner forever.
(e.q. Remember when you lot saw my charts, initially ? Remember all you lot questions nigh ? How nigh now, when you lot already drawing it, almost similar me ? Would you lot halt developing, straightaway ? Would you lot travel dorsum to your "simple" charts, in 1 trial to a greater extent than ?)
Well, ofcourse depends on what produce you lot hold off from your trading activity. But don't you lot ever think, that using solely few unproblematic tools, you lot volition bring profitable results forever.
Therefore, I think this is a misconception, for most of the traders, beginners or not. In my thought the correct maxim should be: "Keep it simple, according to your level!". And equally advanced aeroplane trader, don't you lot ever think "Simple is better!", equally long equally you lot know good together with you lot tested properly your "complex" strategy or system.
Best Regards,
^^_Lord_Ice_^^
Komentar
Posting Komentar