Forex trading can be as difficult or as easy as you make it. Many traders tend to over-complicate the trading process by employing Forex trading systems or strategies that are heavy on indicators and (or) Forex trading robots .

The “big secret” (if you want to call it that) of Forex trading success, is that you don’t have to use indicators or fancy sounding and looking Forex trading software to effectively analyze and trade the market. That’s right; you really don’t need any of that stuff. Everything you need to make high-probability trades is available on a plain vanilla price chart.

What I am talking about here is pure price action trading. This involves combining support and resistance levels, price bar patterns, and a simple understanding of Forex market mechanics. You see, all variables in the market are reflected through price. So, when you learn to trade price action, you are really learning the best Forex strategy .

3 Easy Steps to Simplify Your Forex Trading:

1) Clean up your charts – You will need to keep your Forex charts clean if you want to simplify your Forex trading. This means learning to trade without indicators. There are very few indicators worth using, you can learn to employ moving averages for identification of dynamic support and resistance, and for trend analysis, but outside of this you are not going to gain any advantage from plastering a bunch of messy lines all over your charts. So, start by cleaning up your charts and learning to trade with simple and clean price action strategies.

2) Clean up your mind – Having the correct Forex trading mindset is essential to simplifying your trading and removing the stress. You will be on the right track to obtaining the correct trading mindset after you follow step 1 and remove the clutter from your charts. However, you also must be realistic about how much money you can expect to make given what you have available to fund your trading account with, and you must also learn how to be patient and disciplined.

3) Stop over-analyzing – Many aspiring Forex traders spend far too much time sitting in front of their computers starring at the charts. You should learn how to trade off the daily charts first. Trading the daily charts allows you to get a clear view of the price action in a market and it also acts to filter out the “noise” of the lower time frames. A general rule of thumb is that the higher the time frame, the more accurate the trade setup. This is because higher time frames show a more pertinent view of what is happening in a market than a lower time frame. So, by learning to trade the daily charts you can spend less time analyzing the markets and improve your overall trading accuracy. Not to mention it is a lot less stressful than trying to trade a 30 minute chart for example.

In closing, if you want to simplify your trading you need to remove variables, not add them like so many traders do. Markets reflect all variables via price action, so if you can learn to trade off price action you are trading off the purest and most relevant data a market can provide. However, you should not haphazardly teach yourself how to trade, it is best to get solid price action instruction from an experienced professional via a truly effective Forex course .

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