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Indicators are useful but

UweMoench
Dec 17 2020 at 08:13
332 Beiträge
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.

SmatchBR (SmatchBR)
Dec 17 2020 at 10:35
6 Beiträge
The indicators are fundamental.
the problem is that people want to trust all the signs.
And it is not quite that simple.
Indicators were made to analyze accurate entries, and not to make mistakes, mainly in larger timeframe, H1 H4 D1.

SofieAndreasen
Dec 17 2020 at 17:49
349 Beiträge
Indicators are useful but it is not essential. There are lot of traders who can trade with only simple price action.

Marloncolingwood
Dec 29 2020 at 14:09
15 Beiträge
They are not the whole thing and if combined with a good strategy, they can be good.

illscarce874
Jan 08 at 09:18
24 Beiträge
That is right. The right trading mindset helps in determining how the trade might end up being. It comes with experience.

Michihito
Jan 09 at 11:40
298 Beiträge
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

Rassellkarl
Jan 14 at 10:37
36 Beiträge
Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.

Adamgylicrist
Jan 14 at 11:18
38 Beiträge
Rassellkarl posted:
Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.

Yeah well, they should understand the bid and ask since they’re trading forex. That’s like the abc of trading. Can't go further without knowing that.

mitchelstrack
Jan 15 at 13:00
30 Beiträge
Adamgylicrist posted:
Rassellkarl posted:
Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.

Yeah well, they should understand the bid and ask since they’re trading forex. That’s like the abc of trading. Can't go further without knowing that.

Every pair has a different chart and pattern and there are so many factors that influence the prices of a pair. The interest rates, economy, news, GDP, etc all add up to making the value of a pair. Not an easy thing to analyse them and it takes some time and understanding. I was researching some exotic pairs, anyone here trades them?

Rassellkarl
Jan 16 at 09:38
36 Beiträge
The value of some pairs keep fluctuating because of the changing trade volumes and I try to trade major ones only. I’m trading EUR/USD and USD/JPY these days. I get pretty low spreads on Lcg, Fxview and they’re also considered to be very profitable among other pairs, so why not. I don’t like taking higher risk so these are perfect for me and they are also not so volatile.

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