There are certain opinions and approaches that seem to be vastly accepted by the majority of traders and trading educators. The internet is full of them, and they keep repeating. Nobody seems to question them though. This is how trading myths that sabotage your success get created. People just repeat and repeat some nonsense until it becomes a truth and a widely accepted general rule. In this article, I would like to address and bust the most ridiculous and potentially dangerous trading myths the internet is full of. Myth #1: Indicators will make you profitable I personally think this is the biggest myth and the biggest lie. Let’s start with a simple question: Who keeps feeding us traders with indicators again and again? Brokers do. How brokers make money? They make money on spreads, commisions, swaps and on your losing trades. Simply said, to make money, they need people to trade as much as possible until they lose all their trading balance. How to make people trade (and lose...
I am a professional trader with 10+ years of trading experience. I trade using Volume Profile which is a tool that shows you where institutions accumulate their positions and what their intentions are.