Keep Your Trading Simple Like The Big Players
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Tags: forextrading

- See more at: http://www.netpicks.com/4-simple-trading-tools/

Over the years, much has been written in these trading articles about how simple trading can be. This does not translate to “easy” however simple still works in trading.

It’s not just a play on words but hammers home that the work you do to find trades, manage risk, and other variables that make up the act of trading, is simple. Doing it consistently is another matter and that’s when “not easy” comes into play. A trading method is only a part of the battle.

I want to focus on the term “simple” by using the USDCAD pair to highlight the following points:

a simple pattern
a simple entry
a simple risk reduction
a simple exit from a trade.
For this example, let’s keep the context in mind as you look at the charts which will be

Steady uptrend in the USDCAD
Two weeks in Jan of large momentum moves
10 weeks of the market in a pause

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