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.
Devers posted:Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.
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 posted:Yes. You can not use indicators without proper knowledge.Devers posted:Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.
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.
Oct 09 2021 at 18:38
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.
Oct 12 2021 at 07:21
AliForexTalks posted:You are right.
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.
Oct 12 2021 at 11:00
AliForexTalks posted:Agreed @AliForexTalks
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.
Apart from MACD, I feel, RSI is quite helpful in forex trading.
Oct 12 2021 at 11:14
I do not like MACD. It lags to much. But I do like RSI as guide to ho strong a trend is
there is always a BUT, in every action!
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.
Jan 07 at 06:40
croisssan posted:Yes. you need to have proper knowledge about indicators before using it.
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 posted:Absolutely normal. You can`t use anything which you don`t understand.croisssan posted:Yes. you need to have proper knowledge about indicators before using it.
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.
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.
Mar 30 at 12:56
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.
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.
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.
May 05 at 12:18
Yes, forex indicators are highly beneficial if you know how to apply them properly.
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.
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!
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!
May 26 at 00:32
Indicators are very important but not totally necessary. You can trade with simple price action.
May 26 at 15:14
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
