KISS
is an acronym in Forex for the
design principle “Keep It Simple, Stupid’’.
A KISS trader makes or realizes most
of his profitable trades are those that are the simplest to spot. A trader that
trade’s on a simple method which forex traders know as “KISS”, understands the simplicity
in it and it is the smartest type of trade because it produces the greatest
profits in forex.
Based on this principle. I made the
greatest profits by simply using just one indicator which is the RSI (I will be
explaining that tomorrow in details and prove of that trade).
Just like in life, a simple
lifestyle helps one overcome problems and it is also applicable to forex
trading too. The more effort you put in trading, the faster you will be able to
find elegant and simple solutions.
A KISS trader, therefore, applies the KISS principle to
the world of trading and investing. Complicated trading strategies and
technical analysis, although sometimes psychologically appealing, can be very
counterproductive to the bottom line. As in most things in life, simple is
truly better when it comes to trading strategies. A KISS trader usually
has good discipline in regard to selection and application.
Conclusion:
A professional trader is constantly learning and testing new
trading techniques. A good lesson is that the more sophisticated the
techniques, the worse the results may be. Using complex fundamental analysis,
quantitative algorithms, and many varying technical indicators all at once in
their trading methods usually ends with the same result - losing money!
This is where KISS traders usually have the advantage and the
most profitable trades, as they have the ability to spot the simplest trades.
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