Indicators are useful but

Dec 17, 2020 at 08:13
64 Replies
Member Since Jul 23, 2020   869 posts
Jul 16, 2022 at 07:01
UweMoench posted:
Indicators are useful but not the whole thing. Only charts are also very important. There is much more thing than indicator. It is the mind. Sometimes you just know it's going to work. With time you get an understanding of trading. That understanding is beyond everything.

I always try to lower lot and trade in low spread pairs are also crafts of risk management techniques. Ultimately I helps me derive a good amount of profit.
Member Since Jun 22, 2022   21 posts
Jul 20, 2022 at 07:34
Indicators are useful but you can not depend on those alone. It is better to study the market in depth and make trades accordingly.
Member Since Oct 20, 2018   300 posts
Jul 30, 2022 at 10:22
Boondocks posted:
HeavLeighGill26 posted:
I think indicators are useful but you shouldn't 100% rely on them to get rich. It takes a lot more than just finding successful indicators.
Indicators are not 100% reliable and should be used in combinations which will help in increasing the probability of the trade.
There's nothing 100% sure in trading after all so that's absolutely normal.
Member Since Jul 26, 2022   49 posts
Aug 06, 2022 at 08:16
Every pair has a distinct  movement pattern and characteristics.  Although it may seem at times that they are all moving in the same direction, each pair has a unique pricing pattern and chart. If a trader can understand that it becomes more easier for him to make money.
Member Since Aug 03, 2022   25 posts
Aug 11, 2022 at 11:00
That’s true! The only thing you can fully trust is market analysis. Indicators do make it easier for us to decide upon entry and exit levels. But using too many indicators or relying too much on them would only make trading harder for us!
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.