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.


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What Is The Link Between SigmaForex And North Finance

Question: Is SigmaForex Partner with FXCM?

Question: Is SigmaForex Partner with North Finance?

Question: Is SigmaForex Partner With Interbankfx?

Answer: For Sure SigmaForex is an independent broker.

Question: Why I see in the statement of SigmaForex Another broker.

Answer: Because you don't follow the instructions of Meta Trader 4

Question: What are these instructions?

Answer: 1^st You have to make sure that your new installation is separated from the other installations that already exist.

Question: Please, open a channel of understanding for me

Answer: Tell You What?!

Look there is a problem in Meta Trader which is that most of brokers are using it as a trading station. Also most of traders are using it without any suffer because it's so easy & so simple while trading.

But because most of brokers are using it so you may find a conflict inside your Meta trader & another Meta Trader for a different broker inside our PC.

For Example: SigmaForex & North finance: the both are different brokers

After installing Meta Trader of SigmaForex & After Installing the Meta Trader of North Finance I found SigmaForex-Demo inside North Finance Meta Trader 4! I thought they are related to each others but the truth is that they are different independent brokers, but while installing one of them a file has been transferred from one Meta Trader to the other.

Open C:\Program Files\MetaTrader - SigmaForex\config

Open C:\Program Files\FxPro MetaTrader\config

You Will find SigmaForex.srv

SRV file is a linkage between your setup & the server of the broker, so if one or more from these files transferred from one setup to another it will show you two brokers in the same Platform!

Thanks For These Information