10 Common Trader Problems Problem 9: Paralysis by Analysis

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Its no wonder many traders get confused when it comes to analysing a trade. They take to online resource centres and forums where they learn everything about everything!

The problem, is, too much confirmation bias on your charts can often leads to conflicting trade decisions.
Ive seen charts so clouded with different indicators that traders don't know if they are looking to buy or sell.

We call this paralysis by analysis.

Its very common and usually linked to shiny object syndrome or trying to create that zero loss system,Which of course doesn't exist!
People think that the more you know about the markets, the better trader you are and thats simply not true.

You need to understand the fundamentals of reading price. Once you can read price, you can just use a couple of indicators for confluence to filter out those lower quality trades.

By reading price, you can form a directional bias, predict where the markets likely to go next and then build a case for entry in that direction.
It doesn't have to be over complicated by using millions of different indicators.

If learnt correctly, The price tells you more than any indicators will.

Jason G

Видео 10 Common Trader Problems Problem 9: Paralysis by Analysis канала Jason Graystone