You may have heard me talk about my favorite Albert Einstein quote before. If so, it bears repeating, because it really is profound and it’s the bedrock of all of my trading methods.

He said, “Everything should be made as simple as possible, but not simpler.”

Think about that for a moment.

The tendency of amateurs is to over-complicate things. They want to use (or misuse, really) too many indicators and patterns, and think that to be successful, there must be a bunch of complexity that is required in a good trading method. Nothing could be further from the truth.

Here are the top three reasons why I believe simple is better when it comes to trading:

• Using too many or the wrong indicators is counterproductive, as the information that those indicators provide is counterintuitive and just plain misleading.
• Using a few simple indicators in a uniquely powerful, uncommon way can provide the right information necessary to make good trading decisions.
• With the right indicators and patterns, you will be far more likely to trade with discipline because you will be able to understand an objective set of rules that the right indicators and patterns can provide.

My “Optimal Profit” Exit Strategy

So let me give you a “sneak peek” at one of the strategies I teach in the course. This is the very best exit strategy that I believe possible when trading the Forex markets on an end-of-day basis. I call it the Optimal Profit Exit Strategy.

It’s a strategy that scales out of a trade in two steps. This strategy is first and foremost about taking an initial profit as soon as appropriate, thereby “taking some money off the table” and reducing the risk in the trade at the same time.