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Indicators are useful but

Chelsea Blacks (blackChelsea)
Jan 27 2021 at 11:41
125 posts
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
Vanza Dorbey (vanzadorbey)
Jan 27 2021 at 20:51
31 posts
Norman (azmanpay124)
Jan 28 2021 at 02:43
20 posts
Indicators should be used as an indication of the price movement, not for signals. Because indicators always give you a false signal especially in a lower timeframe if you rely on it. Overbought and oversold levels of the indicator do not mean what it was, maybe the price has made a breakout or the price may stay in that level for a long time.
Jude_craig
Jan 28 2021 at 06:38
81 posts
blackChelsea posted:
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
True, what are your favorite indicators?
MichaelEX
Feb 09 2021 at 11:37
48 posts
Using multiple indicators is always useful, using a single indicator is not much effective to predict where prices will move in the future.
amoscopeland
Feb 23 2021 at 04:23
12 posts
Pairing an indicator with a profitable strategy can turn out to be very good for traders. I also try some indicators with price action for getting better results.
Robert (Robert647373)
Feb 23 2021 at 08:27
95 posts
You need to use the indicators that suit you in combination with other tools. And it's also important to have an understanding of what you are doing. You must be able to correctly understand the information that you have. It so happens that the indicator clearly screams about the entry point, the trader cannot correctly recognize this signal, and the moment of entering the market is lost.
leeson12
Feb 23 2021 at 08:34
11 posts
Indicators are useful but sometimes they are not that accurate so it is bad for me, sometimes i have to look into various indicators to choose the good one
LeviSievwright5
Mar 07 2021 at 02:14
298 posts
The indicator is indeed very profitable but it is very slow. So many times the indicator provides the signal after a move is lost.
hitterbull
Mar 10 2021 at 10:58
32 posts
If you pair an indicator with a profitable strategy, it kind of adds to the overall profitability of it.
reggae
Mar 10 2021 at 11:35
70 posts
hitterbull posted:
If you pair an indicator with a profitable strategy, it kind of adds to the overall profitability of it.
Indeed, this is what make indicators much useful for traders
WaltonCharles
Aug 23 2021 at 08:42
144 posts
reggae posted:
hitterbull posted:
If you pair an indicator with a profitable strategy, it kind of adds to the overall profitability of it.
Indeed, this is what make indicators much useful for traders
Before using indicators, you have to learn properly.
Aaronoutfx
Aug 23 2021 at 09:12
8 posts
you can use indicators, Fibo and anything as you want. But try first to have a look at the chart history and check how effective they are. I think 1D charts can be only tradable if you use for example MACD.
no day trading at all 420 days, 3 hours, 12 min
Marcel Durham (MarcellusLux)
Aug 24 2021 at 17:29
148 posts
Indicators are a way to look at chart data using mathematical functions, averaging, etc. Indicators do not predict the future, they only help to correctly assess the current market situation.
rattrade2020
Aug 28 2021 at 08:29
29 posts
Indicators can increase win rate indeed but money management is the key to earn
Akasuki
Sep 04 2021 at 12:54
512 posts
To use indicator you need to have good idea about those indicators. With just default setting, they do not work all the time..
Unellene
Sep 04 2021 at 15:42
283 posts
not all of them are useful, there is a bunch of all kinds of slag that will not help you in any way in your work
rattrade2020
Sep 04 2021 at 17:06
29 posts
we can say that indicator makes us 55-60% win rate though we can lose 100% after 200% win.
so the power of system is the money management
croisssan
Sep 04 2021 at 19:38
939 posts
It should be immediately understood that in order to obtain a positive result when using signals, you need to be sure of their source.
Unellene
Sep 11 2021 at 16:05
283 posts
rattrade2020 posted:
we can say that indicator makes us 55-60% win rate though we can lose 100% after 200% win.
so the power of system is the money management
there is still dependence on the indicators themselves
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