The magic of keeping trading simple

A lot of traders resort to complex, challenging and difficult strategies with the idea that they might get an edge on others. But the truth here is that trading does not have to be complicated. You always want to make the trading experience as simple as you can, since it will bring in many good results all the time. You always want to ensure that you trade in a simple way, as it allows you more control.

The idea is yes, you will end up with way more problems if you try to complicate stuff. You don’t want to do that and instead you need to ensure that the trading experience is as simple as it can be. Here are some things you want to focus on.

Avoid trading too many currencies
This adds to the complication and it doesn’t reap a lot of rewards. Stick to a few currencies that you know deliver great results and avoid going the complicated route. Because if you do that, you will find yourself dealing with all sorts of issues that you want to avoid. Trading in a simple manner and sticking to just a couple of currencies gives more control, value and the experience as a whole is always very good for you. Which is why you have to adapt and implement it the best way that you can if you do it right.

Find the right holding period
For day trading, that’s minutes or hours at most. For position trading, that would be days or weeks. And then we have swing trading, where it can be hours or days. Stick to that, don’t overcomplicate stuff as it will just make things worse. If you implement this in a better manner, the outcome is definitely going to be a good one.

Avoid taking more risks that you think are ok
Sticking to a very low risk is a crucial thing because the last thing you want is to risk your money on nothing. You want to avoid very high risk situations unless you are ok with the idea of losing your investment. That’s why a solid and simple strategy is to just avoid risking too much. Unless you are ok with the idea of losing it all and you think it’s worth it.

Is it a good idea to stick to simple strategies?
Unless you are someone with a lot of trading experience that knows how to make the most out of the market and has a way to prevent risks, you should stick to the basics. Granted, not taking a lot of strategies might not give huge rewards at first. But the reality is that you want to be consistent, that’s what matters and what will give you the best possible experience. If you stick to strategies that are not as good as you want, then you will end up with issues and that’s the thing that you want to prevent as much as you can.

What we recommend is to stick to simplicity, it always works and it will convey a much better result if you do it right. Granted, that’s definitely a challenge, but if you know how to manage it accordingly, then nothing will stand in your way. At the end of the day, the most important aspect is to make trades work for you and include the right features and benefits. Yes, it’s definitely a tricky thing but what really matters is how you adopt those trades and include the right features in them. Don’t overcomplicate it, keep it simple and results will follow!