Will trading be simple?! | Forex Factory

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Will trading be simple?!

  • #1
  • First Post: Jun 30, 2011 6:50am Jun 30, 2011 6:50am
No matter what you a trying to do it is difficult to learn at the beginning. Walk, read, play on piano, dance. At the beginning, you need to concentrate a lot, you do a lot of mistakes. Is the same with trading, is trading after five years becomes easy and simple for understanding? Interesting how do you trade after 10,000 hours in front of live MT account and how do you understand the price action.

Cheers
Josef
  • #2
  • Jun 30, 2011 11:49am Jun 30, 2011 11:49am
"Make everything as simple as possible, but not simpler."

- Einstein
Private message me for a link to my order flow website.
  • #3
  • Edited 3:01pm Jun 30, 2011 11:54am | Edited 3:01pm
I have only been studying trading for a few months, but I just finished reading More Money Than God. It's a good book about the rise of hedge funds.

One of the things that I learned is that it might get easier to read price action, and understand important economic drivers. However, it will be an ongoing process to control my greed, fear, and ego.

There are many professional traders who believe that greed and fear are the two most important aspects of trading.

Hence, you can build a trading system for each pair around an understanding of what is likely to cause the big boys to become fearful and greedy.
  • #4
  • Jun 22, 2012 6:56am Jun 22, 2012 6:56am
I really hope so, I'm doing it for some time now and it's quite complex.
For me, using MT4 platform services has been a way to make it more easy and achievable.
  • #5
  • Jun 22, 2012 7:14am Jun 22, 2012 7:14am
When we dedicate ourselves and we like what we do, itīs (naturally) easy.
  • #6
  • Jun 22, 2012 7:32am Jun 22, 2012 7:32am
I guess you can keep it simple but I would expect that any system that does keep it simple will be far more straining on the emotions than one that takes a more insighful view of the market.

Why?

Because you never know if and when it will fail. Will this single trade be the start of the system collapsing? This losing run of 6 trades, is this an indication that the system just isn't working any longer or isn't suited to these market conditions? If it isn't suited to these market conditions, how long will they last and will my equity survive to tell the tale?

There are many advocates of keeping it simple but I really don't think getting a proper understanding or market behaviour is a simple process. It keeps even the greatest trading minds still guessing from time to time. How can it be simple if nobody can consistently unravel the information in the charts?

I don't ever think what I see as "proper" trading will ever be especially simple but I do believe that it can become fairly easy....eventually. Different things.
  • #7
  • Jun 22, 2012 7:36am Jun 22, 2012 7:36am
Spending time trading gains you experience of market behaviour and comfort in your trading abilities. These are not the same thing.

Market price patterns do tend to repeat in a generalised way so experience of seeing something similar occur over and over is obviously beneficial.

Developing your abilities to trade effectively also only comes with practice. As you trade through more and more situations, you develop a more and more effective methodology.

I don't think trading gets simpler, it just gets easier because you have seen and done similar things so many times before. In this way its pretty much like any learned skill: keep practising, gain experience, gain expertise.
  • #8
  • Jun 28, 2012 4:56am Jun 28, 2012 4:56am
Quoting josef
No matter what you a trying to do it is difficult to learn at the beginning. Walk, read, play on piano, dance. At the beginning, you need to concentrate a lot, you do a lot of mistakes. Is the same with trading, is trading after five years becomes easy and simple for understanding? Interesting how do you trade after 10,000 hours in front of live MT account and how do you understand the price action.

Cheers
Josef
Hi, Josef! I think I haven't sat in front of my PC with open MT4 still 10000 hours but I'm interested to listen what others traders post
  • #9
  • Jun 28, 2012 8:09pm Jun 28, 2012 8:09pm
If you can't explain it simply you don't understand it well enough. - Einstein -

The market can go: up; down; sideways.
The market trends or it ranges.

Don't add unnecessary variables.

There you go over a decade of trading experience explained simply.
  • #10
  • Sep 1, 2012 5:12am Sep 1, 2012 5:12am
What is the simplest thing you know?

Like that one, trading and the forex market are simple. Howerver, to understand it, you must dedicate many hours of learning. Once you understand it, everything becomes simple.
Best Regards!
  • #11
  • Sep 1, 2012 6:01am Sep 1, 2012 6:01am
Quoting swingtraderf
If you can't explain it simply you don't understand it well enough. - Einstein -

The market can go: up; down; sideways.
The market trends or it ranges.

Don't add unnecessary variables.

There you go over a decade of trading experience explained simply.
i like this post,

you can answer your own conclusion from this.

when we first start this journy in trading it looks very simple !

some even make a profit !

then comes the realisation ,blown accounts,revenge trades,which ever way you trade price seems to instantly change direction,you start to see your own weakness within yourself,countles questions arise from this simple buy or sell .news releases send price in the supposed wrong direction,bloody hell ive confronted all.

then we realise this IS NOT SO SIMPLE !

after ones manic search and education of understanding ,one comes back to were one started,it IS QUITE SIMPLE !

IF YOU CAN SEE THE SIMPLE NESS WITHIN IT, YOU HAVE SERVED YOUR TIME

EVERYTHING IN LIFE IS SIMPLE ONCE YOU UNDERSTAND WHY IT LOOKED SO COMPLiCATED.

the thing with trading and most things in life we thrive to do things better ,
so we are always in study.

through out these forums all the answers we need are there,but if you cant see them,then you havnt finished your education !
  • #12
  • Sep 1, 2012 11:18am Sep 1, 2012 11:18am
Quoting josef
Interesting how do you trade after 10,000 hours in front of live MT account and how do you understand the price action.

Josef
Trading is a process of making money, nothing more or less.

Reading chart is reading communication, nothing more or less.

There is language in charts that codes selling and buying.

So, all you need is to comprehend the language to make money.

It can't be simpler than that. (You don't even make an effort to understand your native language, eh?).

Hope you get it
  • #13
  • Last Post: Sep 2, 2012 4:13am Sep 2, 2012 4:13am
Quoting josef
No matter what you a trying to do it is difficult to learn at the beginning. Walk, read, play on piano, dance. At the beginning, you need to concentrate a lot, you do a lot of mistakes. Is the same with trading, is trading after five years becomes easy and simple for understanding? Interesting how do you trade after 10,000 hours in front of live MT account and how do you understand the price action.

Cheers
Josef
Josef,

I totally agree what you have said about the beginnings; it's true about everything. But only few traders would be able to continue for five years simply because forex trading evolves a rare combination of skills in a person.

A combination of maths and biology
Why maths and bio? Well we need to be good at maths to understand the numbers, and we must to be aware about our biology too otherwise, we fall under the trap of undertrading or overtrading.

Usually this combination is not nurtured into our schools which makes forex trading very very hard to deal with.

-Cheetu
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