How To Make Easy Trading Decisions

Trading is not easy by far. Trading is not a get rich quick scheme. With that being said, guess what is the hardest thing to do in trading? It is hard to make a trading decision.

Why? Because if it were that easy, every trader would be the richest people in the world. I wish there was an easy way for me to tell any trader it's the hardest thing to do, but I cannot lie. What makes it trading hard? Making decisions. Seriously, make decisions is the hardest thing to do. Why? Because not all traders see the same thing.

Hmm. How is that? Think about it this way: If 2 people saw a stop sign they'd probably see the stop sign 2 different ways. Person 1 may see a red sign that reads STOP. Person 2 may see a red sign with white on the outside that has 8 sides and it reads STOP. Do you see how it differs?

Now let's relate it back to Forex. All traders read price differently which means all traders enter the market differently. Some traders use indicators, some use support and resistance, and some just use price. What about you? How does this help you?

Well, let me answer this question for you right here: https://youtu.be/qZchoASWzg0

Conclusion:

It's all about a step by step process.

1st: You need to understand trend

2nd: You need to understand market structure

Last: You need to understand price action

Notice I did not mention indicators. Why? Because indicators are cool but they lag. You are the indicator. Your eyes and you trading mind. You are smarter than the indicator once you have the knowledge. An indicator does not have your knowledge. It does not know what you know.

When you learn how to use those 3 steps and create your own edge in the market, you can control what you want to control in your own trading. When you take out the noise of other traders opinions you can learn how to trust your own analysis and make stronger trading decisions.

#forex #forexmarket #forextrading #forexmentor #forexeducation