Forex Kiss Strategy

Kiss as it relates to Forex is not a romantic word. It is an acronym for “Keep it Simple Stupid”. K.I.S.S is like a known formulae used by economist, marketers, advertisers and teachers of various field to drive a message that will be accepted by all in a concise, clear and relaxed way in order not to dissuade people from getting the message as a result of the phobia of comprehending cumbersome and difficult message.

The Forex market is a volatile one whose minor and major circumstances changes in different ways by the second, minute, hour, day, month and so on.

It therefore means that although one can master the trade for a time, none can boast no matter how professional he/she is that he hasn’t ever fallen victim of the volatile nature of the Forex market.

As a result one of the strategies of ensuring gains in the Fx market is not to try to be too strategic, analytic or professional about market changes and patterns but to “keep it short and stupid”. This article therefore seeks to examine the various ways traders and Forex brokers can K.I.S.S in the Fx market.

Since K.I.S.S is one of the suggested strategies to easily trade in Forex without loosing or fearing the risk of losing much, the question yet to be answered is – in what ways can a forex trader keep it short and stupid?

Firstly a trader should pick a strategy that is simple for him to understand. Often times, traders with mathematical and statistical knowledge tend to intimidate other traders with a lot of indicators and mathematics on their charts. 

That may be the method most understandable and suitable to them. it mustn’t be imposed on someone who lacks mathematical knowledge. And one of the simplest methods that can be used by anyone regardless of their field of endeavor is the “price action” trading mechanism. This refers to trading from a “naked price” or stripped down price. It enables traders to predict and foretell changes in the market based on current and recent price moments.

It helps the trader to narrow down his sphere and not relying on broad and old chart as well as relying on technical indicators.

Another way to “K.I.S.S” in the forex market is to imbibe the discipline of having a trading timetable by allotting a fix trading time per day. This doesn’t only give the trader a vast knowledge of the particular trading time over time, but totally helps to narrow-down the trading times and Forex strategy which gives the trader an edge in that particular trading time.

Developing trading routines also gives the trader an opportunity to plan other real life activities which makes him feel comfortable trading because he is at that time engrossed in trading without having to think of how to meet up with other life necessities.

In fact having a specific trading time is one of the best ways to K.I.S.S because if a trader is free to check the charts at will, he/she will be opened to various, juicy, elaborate, confusing and cumbersome charts which may be too vast for comprehension.

So plan your forex trading hours today and be religious to it and see how you will be a professional in the particular time frame with which you trade and monitor.

Furthermore, a trader should define the confines of his risk and be true to it. This is because most times, too many technicalities  comes from the fact that a trader is on the losing side and he wants to do a trade that will get him back on by trying too many strategies.

Thus a trader should clearly state the amount of money he/she is willing to lose at a particular time, have stop loss orders on each trade and watch his leverage levels so as not to be carried away by the volatile nature of the market.

The summary of K.I.S.S in Forex is simple. Trade in the best way most suitable and applicable to you. Because the Fx market is like the biblical passage that states “the battle is not for the strong and the race not for the swift”.

This means that it doesn’t necessarily mean that the most sophisticated trade patterns are the most viable and successful ones neither are the simple, short and stupid patterns the best. But why try to always be complicated while keeping it simple, stupid and bring the same result. One can decide to learn all the intricacies of the market if he has the time, but in all learn to K.I.S.S as it is safe easy and mostly profitable.