When I first started Forex, I was led to believe technical analysis, fundamentals and indicators on charts were necessary to read price action. I was under the impression that to execute a trade I would have to go through complicated systems to know wether price would go UP or Down. After losing $120,000 in the first year trying to learn ALL the indicators possible, I quickly realised there was something I was doing wrong.

In the real world, when you learn more, you achieve more. When you put in the hours, you get real results. However when it comes to trading Forex, that is NOT the case. The markets are completely different than the real world. Here, simplicity wins. Price action wins. Although price will ONLY move up or down, I felt like I don’t need to complicate things to figure out which linear direction price would move. Once I truly understood that, everything changed for me!