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Indicators are useful but

Devers
Oct 05 2021 at 20:07
8 posts
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.
sphinxo
Oct 06 2021 at 04:50
10 posts
Devers posted:
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.
Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.
RobSchiz
Oct 06 2021 at 19:46
567 posts
sphinxo posted:
Devers posted:
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.
Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.
Yes. You can not use indicators without proper knowledge.
AliForexTalks
Oct 09 2021 at 18:38
94 posts
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
SteveHanks
Oct 12 2021 at 07:21
536 posts
AliForexTalks posted:
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
You are right.
TroyTheTrader
Oct 12 2021 at 11:00
33 posts
AliForexTalks posted:
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
Agreed @AliForexTalks
Apart from MACD, I feel, RSI is quite helpful in forex trading.
pathsofglory
Oct 12 2021 at 11:14
8 posts
I do not like MACD. It lags to much. But I do like RSI as guide to ho strong a trend is
Unellene
Oct 12 2021 at 12:54
283 posts
there is always a BUT, in every action!
croisssan
Oct 12 2021 at 13:04
939 posts
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.
SteveHanks
Jan 07 at 06:40
536 posts
croisssan posted:
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.
Yes. you need to have proper knowledge about indicators before using it.
momo3HC
Jan 30 at 16:34
276 posts
SteveHanks posted:
croisssan posted:
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.
Yes. you need to have proper knowledge about indicators before using it.
Absolutely normal. You can`t use anything which you don`t understand.
SteveFx11
Mar 05 at 04:43
44 posts
Indicators are those software tools that help a trader by indicating or providing a market forecast. They are used in technical analysis and used as a backup in fundamental analysis. Personally, I prefer using indicators like RSI, moving average, bolinger bands, stockistics. These indicators perform well on average.
Tilokvarma
Mar 30 at 12:56
49 posts
A platform is flourished with numerous indicators even though there are a handful of indicators that traders rely on the most. RSI, Moving average, Stokistics, Bollinger bands are notable indicators that traders rely on the most for generating signals.

Hotfoote
Apr 04 at 06:52
29 posts
When you select a trading strategy, you have to learn that the value of some pairs may fluctuate depending on the change in trade volumes. You should be able to identify the different charts and patterns, interest rates and how the news can influence the price of a pair. Do some research before going forward.
Eloise
May 04 at 05:31
25 posts

Forex indicators are important trading tools in analysing market data and prices. Though indicators are highly useful but totally depend on the trader and how it utilizes them when trading in the forex market.
saluteband
May 05 at 12:18
31 posts
Yes, forex indicators are highly beneficial if you know how to apply them properly.

Suradi (FXOday)
May 05 at 23:44
305 posts
Almost technical traders usually use indicators as a helpful tool. but there is no perfect indicator, where each indicator has its own advantage and disadvantage, and not all traders like to use indicators, sometimes they prefer to learn how to use list-objects like Gann grid, trendline, etc.
Miralas
May 25 at 16:14
19 posts
indicators are useless =)

imho, many traders who I communicated stated that indicators are useless just because the msot part of them doesn't help you to detect the best entry points or exit points, they help you to watch for the graphic and as msimum - analyse it.

however, the rate of success in strategies which are based on the indicators like sma or ma is so small, that it's better to stay off the idea trading with them. i used them once and i fount out that it's better to pay attention to bollinger bands and build the strategy around the volumes and analyse volumes. trade volumes are much more helpful as they can hint you where to wait for the breakthrough in case the price have already come to the level of support or resistance.

use, analyse and gain profits!
Williamfreed
May 26 at 00:32
176 posts
Indicators are very important but not totally necessary. You can trade with simple price action.
CraigMcG2020
May 26 at 15:14
331 posts
I think they are useful in some circumstances but structure and price action really are king. It is no use following an overbought signal from an RSI if the trend is predominantly against your trade
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