If you know much about me and what I try to do with Forex4Noobs you know that my ethos is to keep trading simple.
Last week I spoke to a newbie who is having a tough time finding consistency in his trading. This newbie went on to tell me that he is trading four systems/methods and not a single one is working…
You can probably guess what I told said to him.
KEEP IT SIMPLE!
KEEP IT SIMPLE!
KEEP IT SIMPLE!
Especially as a newbie you need to keep your trading simple. Trying to juggle multiple trading systems/methods makes your trading complicated.
If you want to succeed in the easiest and quickest way possible you need to simplify your trading. So if you’re trading multiple systems/methods and are struggling pick your best performing system/method and trade it exclusively for 2 months. If you find the system/method you choose does not perform well consistently move on to another one. However, do not complicate your trading by using more than one method/system at a time.