Trading Analysis Pitfalls

It is very easy for a trader to go wrong in the area of trading analysis, just because he/she happens to be one of those who believe that they must indulge in very complex analysis before they can catch that winning trade. This so wrong and very many find this out the wrong way as they loose their life savings and the sweat of their labour is wasted.

When carrying out your trading analysis you must first of all have one thing at the back of your mind...KEEP IT SIMPLE STUPID (KISS). I bet you have heard that word before and simply overlooked it, but 80% of traders are found wanting when it comes to applying this concept. Trading can only be as difficult or as easy as you make it...you do not need a fancy graph with multiple moving averages crisscrossing each other like a bad network of roads before you can catch a winning trade.
There is no need for a complicated analysis because all you are trying to look at is simple human behaviour to demand and supply. There are so many decent books that will show you how to use indicators and overlays and how the compliment each other. Many traders do not understand that there is a way to group the use of indicators and they will be simply mirroring too many data and end up more confused than ever.

A simple trading analysis method that involves the use of stochastic, Relative strength index (RSI) and MACD (Moving Average Convergence Divergence) and with one overlay like Bollinger band works very well. So remember keep it simple and free of complications as much as possible.


[SigmaForex Customer Support Area]

Customer satisfaction is number 1

It's a well known fact that no business can exist without satisfied customers, Sigma support you with all your needs that have been chosen according to your demands.
Our slogan is to achieve the maximum level of satisfaction for our customers for that we built customer support which is availble 24/7 to be reached for all clients at any time.

Open Live Chat Now

Email Us

FAQs

Funding Methods

Withdrwal Methods

Trading Agreement