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Indicators are reliable but

Ebin
Jun 14 at 13:33
26 posts
Are indicators reliable, and can beginners use indicator using the micro-lots account?

AliaDare
Jun 14 at 16:55
523 posts
Ebin posted:
Are indicators reliable, and can beginners use indicator using the micro-lots account?

Indicators are certainly reliable but it is very important to choose the right indicator. Because not all indicators provide good signals.

TrongQuy (TrongQuy)
Jun 14 at 17:42
2 posts
I'm just using the Support and Resistance level to determine where should I enter. Follow me on my profile to see how I trade

lizgo
Jun 14 at 22:07
2 posts
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?

OrlandoGT
Jun 15 at 06:08
10 posts
lizgo posted:
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?


Hey, u should not cut candles and the line must touch the wicks of maximum candles

CraigMcG2020
Jun 19 at 10:16
72 posts
OrlandoGT posted:
lizgo posted:
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?


Hey, u should not cut candles and the line must touch the wicks of maximum candles


Wicks are unreliable as they contain broker spreads. Most will be different on different brokers. Bodies never change

thespreader
Jun 19 at 10:25
13 posts
Oh really, is this so , where have u read this can you please share the source?

RobSchiz
Jun 19 at 16:47
242 posts
I think support and resistance will be the best one.

Pumapips (Pumapips)
Jun 19 at 18:12
1 posts
If you're going to use indicators you will need to test them out. There are thousands of indicators, and you will have to spend hours doing your research. It can take 10 years before you are profitable. Don't quit your day job. I use indicators but not for signals. I don't use support and resistance unless I'm trading a pullback, which I rarely do. Good luck.

forex_trader_[2237169]
Jun 20 at 03:29
36 posts
You better learn how to trend follow and trade, it's much better than indicators.
Don't get me wrong, indicators are good if you know how to identify trending markets, then use indixator to support if you wishes, this is how i make my profits.

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