Key Principle Of Trading Success: Simplify Your Trading
In this Forex trading vlog, I share a key principle of trading success. That is to simplify your trading. I'm a big believer in the idea that “simple is better”. Vlog #194.
However, simplifying your trading isn't something you do in a click. It's a process of continuous efforts that I consider to be a key principle of trading success.
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4 Things To Simplify Your Trading Today
- Stick to trading multiple timeframes with only 1 chart
- De-clutter your trading environment
- Reduce the number of things you follow to base your trading decisions on.
- Review the charts every morning – and look at them more than once.
Reviewing the charts multiple times and ensuring that I was taking notes of what to trade every morning has made a massive impact on my trading.
I know, however, that I must be careful about my environment – especially when traveling. Things change and it's hard to execute on the same routine when the environment is different.
That being said, a cluttered desk is as bad as a changing environment. I feel confused looking at the charts when my computer sits on a messy desk. There's progress to be made here!
Ever felt the same? Comment below and feel free to share your best tips to simplify your trading!
If you are aspiring to trade for other people while traveling, you might want to consider checking out the Desire To TRADE Academy where I’ll help you do precisely that!
If you are aspiring to Forex but wonder how to put together a solid trading plan, I recommend you grab my FREE One-Page Trading Plan Template. It will help you simplify your trading strategy on a single page!