Accurate Forex Signals in 3 Easy Steps

There are three principles that all accurate forex signals have in common. And its no secret what they are either. They just don't get applied as often as they should be. The application of these three principles isn't difficult and this is the reason so few people actually do them. They assume that Forex trading should be difficult and pass over the obvious, for the empty promises of easy riches.
1. Apply no more than 2 indicators. Regardless of what you've heard, you do not a plethora of indicators just to determine if you went to take a trade. Beside the obvious fault of co linearity, indicators tell you the same thing because they are based on the same information, it leads to cluttered thinking. Simply attach two
indicators that are not calculated using the same information and you will begin to find accurate forex signals. Any forex system should provide you with the indicator that is determining it's trade and make it abundantly clear which direction to trade.
2. Back Test the strategy. If you can't back test the strategy your self and get the same signals as the seller of the supposedly accurate forex signals, then the system is worthless. If you can not duplicate the historical trades then they are hiding something form you. You should be able to do all your own testing on historical data so you can get a feel for it's draw downs and risks. One system available out there tells you that you can't back test because it relies on proprietary information. What they are really saying is that if you saw ow the system back tests, you would get your refund right away.
3. Journal all your live trades. You have heard it all over the internet, and yet so few pwople do it. Unsuccessful traders don't want to be held accountable for ther trading decisions. Post tem online or journal them for a trading partner to see. The reason for this is that you are accountable to someone for your trading decisions. When you are not accountable for your trading decisions you make mistake and poor judgment calls.