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Indicators are useless

Unellene
Sep 12 2021 at 14:06
283 posts
many traders would argue with this opinion, because if you use the right indicators, you can greatly improve your profits
Suradi (FXOday)
Sep 12 2021 at 23:35
355 posts
There is so many indicators in forex business, its created by a different expert, so each indicator has own advantage and disadvantage this is not useless creation, because help some traders to make decision trading, but indeed not all indicator are good, there are indicator repaint and no repaint, repaint indicator look perfect in history, but in real trading, sometimes giving a false signal.
RobertFerrari
Nov 05 2021 at 06:38
410 posts
Unellene posted:
many traders would argue with this opinion, because if you use the right indicators, you can greatly improve your profits
I agree with you.
Akasuki
Nov 05 2021 at 11:47
558 posts
Indicators have lag but not fully useless if we know how a particular indicator works and all of it's parameter. Usually people use default parameters. But default settings always don't work.
UweMoench
Nov 05 2021 at 12:32
751 posts
@Akasuki Yes, I agree with you that indicators have lag. A trader should learn more than just default settings of an indicator. Only default settings do not work always.
skihav
Nov 05 2021 at 15:34
801 posts
Working with a broker, I began to actually use fewer indicators. As for me, this is a very convenient option for work.
croisssan
Nov 06 2021 at 09:34
939 posts
Useful, definitely. But it should also be understood that they may not always be accurate. To do this, you must first check them on a demo account.
Seb King (sebking1986)
Nov 23 2021 at 09:26
501 posts
I don't find them useful but others do. Have to find what helps you to see what you need to see in order to trade. What people 'think' doesn't matter.
If you can't spot the liquidity then you are the liquidity.
skihav
Nov 23 2021 at 14:16
801 posts
Helpful, but not always. Rather, it depends on the source of the indicators.
LyudmilLukanov
Dec 07 2021 at 17:35
819 posts
Most people do not fully understand how to use the tools they have in their hands. They use it for the wrong reason.
SofieAndreasen
Dec 09 2021 at 21:14
759 posts
Indicators are not useless. Traders’ approach can be.
Willowerno
Jan 03 at 06:01
38 posts
If you are expecting indicators to give you accurate buy or sell signals then you’ll definitely find them useless because no indicator is precise. However, if you look at it as a helping hand then you can get a lot out of it. Just don’t use too many indicators, try to be better at interpreting one or two indicators.
TraderIvana
Jan 03 at 07:59
34 posts
Forex indicators are indeed helpful but to master the understanding of all indicators, it takes years. You need to pick a few and try to validate your understanding with real trades.
Cizel89
Jan 03 at 10:06
63 posts
Indicators are very important process when it comes learning and understanding forex trading.
croisssan
Jan 03 at 16:00
939 posts
Definitely, indicators are very useful for work. The only question is the accuracy of the indicators themselves.
sharabela
Jan 03 at 16:23
121 posts
Nutty32 posted:
No more indicators. They don' work.

Now, just looking at 'cycle' waves that are up/down.

$4 to $100 goal.
I am a price action trader. I do not use indicators. However, I do not think indicators are useless. There are traders using indicators and making money by trading. It may need hours of practice to be able to use an indicator accordingly. Some indicators such as Moving Average, RSI, Stochestic are widely used by many traders in the market.
Suradi (FXOday)
Jan 03 at 23:02
355 posts
Just no perfect indicator exists, the indicator only as help tool created by expert and experienced trader, a trader needs to learn how to use the indicator and its function, besides to use indicator also important to keep plan trading work with risk management plan, here most trader use stop loss or trailing stop feature, some trader using hedging position etc
Marcel Durham (MarcellusLux)
Jan 05 at 12:34
183 posts
Why do you think the indicator is the solution to all trading problems?
In fact, you can use any indicator successfully, but get a loss due to the lack of a trading plan or incorrect volatility assessment...
Also, as a trader who has been using different indicators in different trading systems for many years, I can assume the next statement: an indicator is not a 100% signal provider. Indicators should be used in chain with other technical instruments, and then the consistency of several data sources will signal the possibility of a trade.
croisssan
Jan 05 at 17:06
939 posts
In fact, indicators are a really useful addition. But it is also important to understand the processes that are taking place on the market yourself.
CraigMcG2020
Jan 05 at 19:52
381 posts
Indicators are always lagging on what has done, you need to definitely have knowledge of market structure and price action to give you a clearer image of what's happening
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