Easy forex million dollars ranking. Ready to start trading the Forex market? there are four easy indicators you should become familiar with using one or two at a time to identify.

Easy forex million dollars ranking

ONE MILLION FOREX TRADING ACCOUNT

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Easy forex million dollars ranking


He has a monthly readership of , traders and has taught over 20, students. This acronym is as applicable to the field of Forex trading as it is to any. Simplicity is the most often and easily overlooked ingredient to profiting long-term in any financial market.

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. Many traders have had similar experiences to the one above; they think that by trying enough trading systems and forex indicators , eventually they will hit upon that one that is their automatic ticket to consistently profiting in the markets.

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. The truth is that nothing that is fully systematic will ever be a truly effective way to trade the forex market because the market is not a static entity that can be tamed through black box mechanical systems. It is a volatile beast that is driven from human emotion, and human beings vary in their emotional reactivity to specific events, especially when their money is on the line.

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. Trading can only become simple once you forget about the idea of finding a perfect indicator-based trading system that will work in all market conditions. Markets are just too volatile and complex to ever be dominated by a piece of software code or a mechanical set of trading rules.

How does one keep their Forex trading simple? Learning the art and skill of price pattern recognition will provide you with a perspective and not a system. 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. How did famous traders like George Soros, Jesse Livermore, and Warren Buffet make their millions and billions in the markets?

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. The purpose of this article is to help you understand that you can use simple price action setups to successfully trade the forex market.

Professional Forex traders all have one thing in common; they keep their trading as simple as possible because they know that they need a calm and clear mindset to make money in the market. 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.

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.

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. 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. 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. 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.

Once you accept the fact that chart analysis does not have to be difficult, it will help you to focus more clearly on the more difficult aspects of trading like remaining disciplined and managing your risk properly.

Learn to analyze the raw price action that the market naturally provides you with and you will be much further along the path to trading success than people trying to trade on charts like the one above. 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.

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.

Keep in 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. That being said, if you are dead set on 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 course , and you will begin to see that profitable trading does not need to be complicated.

I will follow your lessons as I opted to subscribe and loooking forward to a better future as a begginer. Thanks for the KISS lesson you simplified the trading method and approach for me and agree with the practice on demo account until you guild a confidence level about trading. I will follow your lessons as I opted to subscribe. This year I will be consistent profitable and successful trader. Thank you times. May God bless you and your whole families. Good advice,you have alot of goodies.

Will take your course. Have been on forex for a decade now and i know how not to win but the pain of loosing is always on my shoulders. I have hitherto traded H4, H1, using some indicators to confirm my trades, and using Weekly and Daily charts for major trends this improved my win rate significantly and using M5 and M1 to find entry points.

So, thank you for your advice, expertise and I hope to give you some good news soon! I appreciate that you kept it simple and legit, I totally agree with you that, learning to read the charts is the best thing you can do to become a better trader. I really wish to delve into the reality of forex training and trading like yesterday.

I will send you a private e-mail. Please be ready to tutor and help me to succeed. Thanks Nial that you educate us, all. Hi Nial So appreciate your kiss trading method. Also learned a lot from your crocodile teaching. I was just about to give up on Forex — fed up with all the lies and scammers — so it was refreshing to know that an Aussie is teaching and keeping it simple.

As you say I have seen some charts looking like spaghetti I am so glad a friend sent me your information. I used to love seeing my 2 flashy moving averages 25 and 50 emas on my chart and trade pullbacks on those trends but now i only use 2 indicators on my chart which is candlesticks and fractals just for trailing profits.

I do a lot better with just these 2, priceaction trading is the best! Ampurira Grace said, April 8, 7: Guys this strategy real works. I will forever be grateful, and will sure tell everyone willing to listen about you. After reading your article I realized that I am so focused on support and resistance that I am missing the signals occuring within a strong trend. This site is the best! I just pulled in my first 1 to 2 risk reward trade ever! Your price action strategy is really very simple and it works!

Thank you for all your support and articles.. I had so many indicators at one stage i truly did not know where to look and got soooo confused did not know when and where to put my bid on! On the other hand Nial is soooo correct when he talks about human emotions and humans driving markets. Thanks for the Lesson, am a new trader still on my virtual account but catching up through this lessons. You are a breath of fresh air to Forex traders. Thanks for the help. I totally agreed that price action setup is a very simple technic to use.

However, I must say that the trader must be patient to wait for the signals to appear. Thanks for the tips! Tthere is none like you Nial Fuller in Trade knowledge, i have made 10 trades and so far, i have made minimal losses in 2 and mega profits in 8.

Einstein quote for the day: Hi Nial Thank you so much for this information. It makes perfect sense. Hi Nial, Thank you very much. It is so nice you give us excellent Method. Thank you for your hard working for us. Hi Nial, To be honest, i do really feels that your articles are making me very much exuberant, in the trading field. Hats of to your guidance, and seriously will recommend others to view it.

Thanks for your lesson s. This article has given me more time to do things other than watching the screen all day. Learning price action is truly an art and skill. I have learned much about myself through this course. Why would anyone not want to simplify? The Beast is beautiful and uncaring. But it can provide you with a wonderful lifestyle. Yes, I must agree with k. One question, to what time do you adjust your charts and do you think it makes a difference.

Local time, NY time, etc. You would need a broker which offers a new york close for the time server feed for the data. Nial, yes, thanks also for the email linking to this article. There were two sentences that stuck a chord with me. If i may quote you:. Prahaps i can not use the TA tools properly.. I did double a demo account using pivot points, but soon lost it all again! Amazing, so all the technical analysis guys wont even see these kinds of setups. Thats fine by me!

What a joy it is to actually feel like i am understanding the chart and the price action. Keep up your good work Nial… all the best, Max, near London, England. Thanks for your feedback, make sure you pay it forward and tell the world about me and the site, the aim is to help those that need it, cheers.


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