Forex Trading Tricks: How to Find The Best, Simple, and High Probability Trades

How to Find The Best, Simple, and High Probability Trades – Trading does not (and should not) be that complicated. the simpler the strategy, the easier it is to understand the underlying concepts.

Many people say that they want to keep it simple, what they end up doing is, they just strip away all the indicators from their charts and then believe that this is all there is to KISS (Keep it simple stupid).

BIG WRONG…!!!

Keeping it simple has nothing to do with how you look at the charts. But it has all to do with your overall approach to the markets and your routine.

So here are The Best Tricks to Find The Best, Simple, and High Probability Trades:

 

Forex markets undergo changes all the time. This is why it’s so important to be flexible with your trading.

Many amateur traders are too fixed on one timeframe. They ask “Should I trade the daily, the 4H or the 1H timeframe“…?

The best answer is always: ALL!

Traders must have a clear process and routine for finding the best timeframe to trade every week.

 

Momentum basically means how strong price moves and, obviously, the stronger a move, the more likely it is that it will continue.

So make sure that you are always going WITH momentum and do not fight it.

Once you are in a trade, observe momentum and ask:

• Is momentum increasing or decreasing?
• Do we see reversing momentum? (Which means momentum against my trade)

Below is the example of TREND & MOMENTUM trading system

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Beginner traders make the mistake of always wanting to trade, all the time.

Many traders don’t fully understand their system and they don’t know when their system works best.

This can be a great revelation IF the trader can then take the next step of becoming aware of market conditions.

The best market condition is when you able to read the chart easily.

This is ” The BEAUTIFUL CHART“.