How to become a successful trader?Part 3 : A clear chart

Hello everyone, it's me once again, Mr. Raymond.

So today, we will talk about "A clear chart" topic.

I believed most of the newbie or some technical analyst trader are opened a lot of indicator in the chart and draw a lot of information in the chart. So today, we will talk about how to keep your chart clear and clean.

There are some rules:

Rules 1 : Don't open over 3 indicators as a same type:

• There are a lot of type of indicator. For example: trend prediction we have: ADX, Bollinger Bands, Envelops , Ichimoku Cloud, Moving Average, Parabolic SAR, Standard Deviation. These are the same type indicators just for predict trend movements. So i suggested you should not open over 3 indicator at the same type, because the information which was provided from these indicators may make you confused. At sometimes, these indicators provided the information is different about the trend direction. If you open too much indicators at the same type, it will make you confused about the trend and you can not define the correct main market trending.

Rules 2 : It's better to open only 1 indicator for each type.

• If you lived long enough in this market, you will know the market is built with 3 condition : volume, price and human psychologist.
• The human psychologist acts as the trend , supply and demand.
• The volume acts as liquidity of markets. This is very important if you are a stock trader.
• Price acts as market health and volatility. There is no one want to trade at a stock which is traded at price lower and lower.

=> So you have to find the indicators that can identity each of these following rules if you want to success at CFD market.

Rules 3 : Keep update the information on your trading chart.

This mean when you draw a trend line, it is better to draw a trend which is nearest 3 months because 3 months is the best condition as human psychologist. Human is only can remember the price which is in 3 month range, if so far there is not much people can remember the price.

You can not trade with the trend 1 years ago because the volatility is almost or already ended.

There are 3 rules that make me success in this market. Please practicing as long as you can before you started your trading career because when you are doing the paper trading, when you wrong you are not losing anythings and you earned the experiences. But when you deposit your real money and trading in your real account, the market will punish your every single lapse.

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