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AniLorak

Member Since Apr 18, 2017  864 posts AniLorak Sep 18 2019 at 14:18
jakes90 posted:
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.


Even; many traders try to rely on only the trading indicators; that’s really an unrealistic vision.

Mohammadi

Member Since Aug 11, 2017  737 posts Mohammadi Sep 19 2019 at 10:22
there is anyone who can suggest me a Best Book which is more appropriate for using scalping successfully , i have been using 'Best Scalping and heading' , its not bad but not also more different something.  

FirstHero

Member Since Sep 19, 2019  2 posts Henry (FirstHero) Sep 19 2019 at 11:34
When I started trading, I used many different indicators, sometimes at the same time. But one day my mentor said. If your chart has a lot of different indicators, then it means that you do not know how to use them.
The main purpose of each trader is to define a signal for entering and exit. there is nothing bad to use different indicators, but, there's a significant fact that no one is working perfect. Sometimes any tool will make mistakes and trader should realize it and try to predict.

Do not be greedy and invest in your business as much as you can.
steve_25

Member Since Aug 03, 2019  22 posts steve_25 Sep 20 2019 at 05:10
Some people believe that more the number of tools he uses in forex trading , better would be the trading results. But that is not so. Using one or two indicators is rather a better thing to do. Using more tools only means confusing yourself. Using a combination of tools is also a good idea. So neither depend on just one tool nor use so many tools that you can’t reach a conclusion.

P.S – use only those tools you are fully aware about.

Nasrul_Swing

Member Since Feb 28, 2019  137 posts Nasrul (Nasrul_Swing) Sep 20 2019 at 07:04
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.

Eurmas
togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Sep 20 2019 at 10:27
Nasrul_Swing posted:
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.


you need also device connected to Internet and some client app, be it MT4/5, ctrader or even webtrader

I trade what I like. I like what I trade.
Mohammadi

Member Since Aug 11, 2017  737 posts Mohammadi Sep 20 2019 at 12:20
In Fx trading the bonuses we get from our trading brokers practically cannot use in a proper way due to many restrictions. So, we have to choose the regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use in a proper way due to many restrictions.

AniLorak

Member Since Apr 18, 2017  864 posts AniLorak Sep 21 2019 at 13:49
Nasrul_Swing posted:
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.


Buddy; using the tool and depending on trading tool are not the same! Depending on any trading tool is dangerous and unrealistic!

AmDiab

Member Since Apr 18, 2017  652 posts AmDiab Sep 21 2019 at 14:43
steve_25 posted:
Some people believe that more the number of tools he uses in forex trading , better would be the trading results. But that is not so. Using one or two indicators is rather a better thing to do. Using more tools only means confusing yourself. Using a combination of tools is also a good idea. So neither depend on just one tool nor use so many tools that you can’t reach a conclusion.

P.S – use only those tools you are fully aware about.


But I see; using unnecessary trading tools bring more damage; since traders can’t see the market in a proper way!

Mohammadi

Member Since Aug 11, 2017  737 posts Mohammadi Nov 01 2019 at 03:23
demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.

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