Perhaps one of the biggest ‘secrets’ of successful traders is that they do not use complicated trading methods.
Whilst every trader is different and trades in a slightly different way, by and large, pro traders are using simple price action-derived methods.
You are going to be hard-pressed to find a pro trader with 10 different indicators on their charts.
Most successful traders have long since realized that the only thing overly-complicated indicator and software-based methods do, is cover-up the high-probability price action setups that occur on the price chart beneath them.
Most beginning and struggling traders seem to have the idea that they by putting more ‘crap’ on their charts they are somehow going to gain some inside information or understanding of price movement.
All they’re really doing is masking the price action of the chart and making it more difficult and complicated to interpret and trade from.
Most traders who make it out of the woods of beginning trading and searching for the “Holy-Grail” trading system, eventually end up gravitating towards natural and raw price action trading because they ultimately realize that a market’s raw price movement is the best and most accurate tool for analyzing it and making trading decisions.
Unfortunately, trading is a very easy industry for people to develop trading systems and ‘magic-bullet’ indicators that sound and look great…..But rarely are any use at all.
There are no short-cuts to success in trading, and the ‘secrets’ that I’ve discussed really are just common sense things that you probably already know you should be doing but most likely aren’t.
So, make the change today and start doing what you know needs to be done to succeed as a trader.