Never miss a story from Paul Robinson

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Paul Robinson

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Paul conducts webinars every Wednesday, Thursday, and Friday. For details and a full line-up of upcoming live events, please see the DailyFX Webinar Calendar.

In today’s webinar, we discussed the importance of having a narrowed approach to trading to avoid noise which causes indecision. All too often, traders will pile on numerous types of analysis thinking that ‘more is better’, but really ‘less is more’. With that said, we didn’t get into a full-on discussion about what you should or shouldn’t be looking at or using, necessarily, (there are lots of approaches) but rather that you are aware of how the different types of analysis you are using interact with one another and that there isn’t a lot of redundancy and ‘clutter’.

For example, a simple approach which incorporates a limited number of tools for identifying trend, support and resistance, and sentiment would be a suffice methodology. We also discussed the importance, or lack thereof, of fundamentals and all the data points which come with it when looking out over short-term time horizons. Often times fundamental views are macro in nature, which shouldn’t be overly focused on when trading short-term price fluctuations.

All-in-all – a simple, ‘dumbed’ down approach can be a highly effective way to clear through the noise towards making better decisions.

Join me next week for a crash course on price action analysis, and how I utilize it in my trading. If you would like to join us next week, please SIGN UP HERE.

Trading Ideas and Guides

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.