Nov 18 2015 at 12:38
JenalAripin posted:goldjunge posted:
1 - STAY AWAY from ( the magical combination of 3 , 4 , 5 indicators ) that will bring you a lot of money , cause that's BS .. they are ALL lagging ...
Too much indicators means too much things to understand. The question is: do you really understand all of them? If you do, then it wouldn't be a problem to your trading process...
I use two indicators PSAR and Bollinger bands ,that's it,they can be effective sometimes but it takes experience to use them properly.
But as you say above lagging is of little use,best to test on demo and see how it behaves on one product.
"They mistook leverage with genius".
Nov 24 2015 at 07:33
snapdragon1970 posted:JenalAripin posted:
Too much indicators means too much things to understand. The question is: do you really understand all of them? If you do, then it wouldn't be a problem to your trading process...
I use two indicators PSAR and Bollinger bands ,that's it,they can be effective sometimes but it takes experience to use them properly.
But as you say above lagging is of little use,best to test on demo and see how it behaves on one product.
Personally I just use SMA and BB Aand I agree with both of you, we need to understand them first in order to use them properly And demo account is the best place to do so...
Nov 30 2015 at 08:07
Apipfx posted:snapdragon1970 posted:JenalAripin posted:
Too much indicators means too much things to understand. The question is: do you really understand all of them? If you do, then it wouldn't be a problem to your trading process...
I use two indicators PSAR and Bollinger bands ,that's it,they can be effective sometimes but it takes experience to use them properly.
But as you say above lagging is of little use,best to test on demo and see how it behaves on one product.
Personally I just use SMA and BB Aand I agree with both of you, we need to understand them first in order to use them properly And demo account is the best place to do so...
We need to learn about the indicators we're about to use in order to understand them in the future trade, some traders might using more than 4-5 indicators that might be a complicating this for those who don't.
Nov 30 2015 at 22:53
Most of them are based on averages,which is of little use because its past data ,unless your getting live feeds from the exchange.
"They mistook leverage with genius".
Dec 01 2015 at 07:42
snapdragon1970 posted:
Most of them are based on averages,which is of little use because its past data ,unless your getting live feeds from the exchange.
Right, but most traders have no idea how to recognize live feeds from the exchange, that's why analyzing the average of past movement is easier than to following live feeds...
Dec 02 2015 at 08:13
luthfi_maung posted:snapdragon1970 posted:
Most of them are based on averages,which is of little use because its past data ,unless your getting live feeds from the exchange.
Right, but most traders have no idea how to recognize live feeds from the exchange, that's why analyzing the average of past movement is easier than to following live feeds...
Easier and most used by traders.
Most traders who using technical analysis are considering fundamental one (news, etc) as their nemesis and they likely avoiding it...
Jan 06 2016 at 13:03
Study and learn about various basic aspects such as how the trading is done online, trade management, risk management, position sizing, fundamental and technical analysis, trading systems etc. As you study and gain some understanding, you will know your aptitude for certain methods and you can increase your focus on them. Learning is a continuous activity, keep yourself up to date by regular self-study.
tbinarybrokers.com
tbinarybrokers.com
Jan 06 2016 at 14:56
I would say the simple formula is Fundmanetals+Sentiment = Trading Choice and THEN Techinical Methods for Consistent Entry Management.... a good place to start.
There's always the Trading Workshop option such as https://dailyforexschool.com/one-day-workshop
Just make sure you only go to well known trainers, with at least some non biased reviews and myfxbook performance. Hope this helps
There's always the Trading Workshop option such as https://dailyforexschool.com/one-day-workshop
Just make sure you only go to well known trainers, with at least some non biased reviews and myfxbook performance. Hope this helps
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Jan 06 2016 at 15:28
The market is being manipulated by the central banks. No technical indicator or fundamental divining can undo a fixed market. To beat a manipulated market, you have to be clairvoyant, have inside information or trade Bitcoin which has no central bank to manipulate it.
I am no Clairvoyant or have inside information so .....
In short, 98% of all the advice hat you get on these forums is worth exactly what you paid for it.
Bob
I am no Clairvoyant or have inside information so .....
In short, 98% of all the advice hat you get on these forums is worth exactly what you paid for it.
Bob
where research touches lives.
Jan 06 2016 at 15:32
How to increase trading skills: practice not loosing money. That is all you have to to do.
