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If I received a dime every time I heard that “Lower Time Frames are just noise”, I think I would have at least $16.75 to my name. In all seriousness, this is what is being taught to most trading students. If you have jumped from one strategy to another you have probably heard this statement or similar pearls of wisdom from these Socrates or Plato wannabes of the trading world.

In the ever-growing suite of charting platforms, more and more indicators are being relied upon by the retail trader. Such indicators are included free of charge by brokers.  How nice, that we are receiving these indicators to assist us with our never-ending journey to financial freedom. Unfortunately, it’s not quite the reality of what is occurring. For those of you new to trading here is a list of the common indicators:

Wind back the clock a few decades and trading from home was rarely within the grasp of common folk. In those days, when I heard of someone being a ‘trader’ or ‘broker’, the image of Gordon Gecko would appear at the front of my mind. Many saw it as an elite club, there was no way someone could open an account with $50 and start trading.

SPOTLIGHTS

Market Truths:
1. The markets speak a language that you should learn to understand.
2. The market is rigged, but it does not mean you cannot win at its game.
3. Not paying for mentorship is a huge mistake for those who are seeking to trade.
4. Beware of people who talk alot, for it will be a very expensive lesson for you.
5. Trading is a craft; you can't fool anyone if you don't have the skill.
6. Your emotions matters in trading.

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