All things considered, trading is a very tough skill to master. Confluence can make the difference between a profitable strategy and a strategy that loses money. How? Let's find out 👇
Previously, we’ve discussed multiple trading tools and indicators – and we often remind you how important it is to never trade using one tool in isolation. To discuss its importance further, let's dive into the concept of confluence.
There are many stories like this one, of traders who experiment with a few different stand-alone tools, failing to turn a profit. In many cases, their problems could have been solved if they had looked for confluence between the different tools they were taught instead of moving from one to another.
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