Indicators are reliable. But the most important thing is how much you know about the indicators. More or less every indicator works. Everything depends on your skills and knowledge. The best indicator is the indicators that work for you. That's why learning trading needs time. You need to do a lot of experiment to find the suitable one for you.
Yes, in order to make use of some indicators, a trader should have the required knowledge about them and how to pair them with a particular strategy.
Mar 04 2021 at 08:30
Yes, having the right knowledge about indicators can help a trader a lot. Pairing your indicators with an effective strategy can also make trading profitable.
Mar 04 2021 at 14:00
Never use more than one indicator of the same types. Or else it will give you a confusing signal.
Mar 11 2021 at 12:23
Whether you are using an indicator or not, your knowledge can play an important role. You can pair your trading strategy with a suitable indicator.
Mar 12 2021 at 04:06
Indicator is a technical tool for analysis. However, it is not essential to use in analysis.
Ready made strategy doesn't help much in trading. We need personalized strategy to get success. Every person think differently. I can take someone's strategy but can't think like him. That's why it doesn't work.
Most people fail in trading because of their weak psychology. If psychiatry is weak, it is not possible to profit consistently. You have to trade according to the plan. Joining trading without a plan can lead to many problems.
Mar 13 2021 at 18:45
In my opinion, EURUSD pair is the best for trading. This pair is traded by a maximum trader. This is why this pair is so popular.
Apr 03 2021 at 03:42
Indicators can be really helpful if they are used properly. There are some indicators I like to use including MACD, moving average, etc.
Indicators are helpful if we can use it properly. People are so impatient that before the indicators showing signal they open trade. It is not a good thing to do while using indicators.
Any tool that we use for trading, including indicators, has its own meaning and effect if we know how to use them.
Apr 05 2021 at 05:55
Michihito posted:
Indicators are reliable. But the most important thing is how much you know about the indicators. More or less every indicator works. Everything depends on your skills and knowledge. The best indicator is the indicators that work for you. That's why learning trading needs time. You need to do a lot of experiment to find the suitable one for you.
Correct, using indicators without knowing how they actually work and what their functions is just like performing a task with all the necessary resources but without knowing the role and working of each resource.
The more your practice, the more you learn.
Yes indicators are reliable, first you need to know about all the indicators you want to use, you can combine 2-3 indicators according to your strategy.
Apr 06 2021 at 06:55
They can be reliable but first you need to know does it have what you require?
Apr 07 2021 at 15:43
It is helpful to traders that have the patient to open trades when the indicator shows the signal.
The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.
May 05 2021 at 17:51
AliaDare posted:
The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.
Don’t solo rely on indicators. Try to read practice action also.
They can be really helpful if you use them right. Best is to start practicing using 1 or 2 indicators on a demo account and master their use.
Jun 13 2021 at 01:28
Indicators help a lot to make a profit in trading but not all indicators work on time. So you should know about that before choosing an indicator.
