How taking the less is more approach leads to success in the Forex Market!
From the Desk of Johni Temton,
Creator of Trading in the Buff
Hello My Fellow Forex Trader:
It seems pretty obvious that the more complicated we make trading, the harder it's going to be to make real money trading forex. For whatever the reason, people just don't seem to listen.
How else would that explain why only 5% of forex traders make any money? If all these "magical" indicators and robots worked, why are there so many people crashing their accounts?
All these overpriced indicators provide absolutely NO insight to the market!!
So, why are people spending their hard earned money on all this garbage? It's simple. Most traders don't really have a clue what's going on in the market.
They would much rather just fill their charts with indicators telling them when and how to trade.
Almost All Trading Indicators Are Lagging.
Why would you want to base your trading decisions off of something that is only telling you what has already happened.
I don't mean to come down hard on indicators. Truth be told that's exactly what I used when I first started trading.
To prove it, here is an old chart of mine. This is how I used to trade.
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