Have you ever heard why somebody at the other side of the world bought or sold something? Just because you add more indicators to your chart, you will not get a more dependable entry signal. All my systems are probability based and I have traded the Brexit voting in 2016, the Euro US dollar crisis and the Swiss Franc disaster in 2015. There are people who believe everything and there are also traders who need to analyze everything, even the smallest detail. That is the other end of the scale.

 

Unpleasant negative feelings can influence us strongly. To survive good and bad weather you need a good system to adjust your sail because you can’t adjust the wind. I have found one thing that is very significant and a great advantage. If you only do one thing, you should really do this process with position based stop losses. Because you will find that your stop loss settings have the biggest impact on your trading results. From time to time similar currency pairs behave similar. But that can also be a problem.

 

A data gap might cause your system to decide that it is time to close all your trades. Whenever I manually tried to do the opposite of what I thought was necessary, the price did the opposite of the opposite. Most people will lose all their money within six months or less. The reason is simple, they do exactly what does not work. It is easy to get started. You just need to decide to do it. In January 2015 the forex market went crazy. I have never seen bigger candles on my charts before. You might notice a change of the chart candle sizes. Those visual representations are not fixed.