Are indicators reliable, and can beginners use indicator using the micro-lots account?
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.
Jun 14 2021 at 17:42
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
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?
For example, support and resistance... we can draw many lines but which ones to choose?
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
Jun 19 2021 at 10:16
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
Jun 19 2021 at 10:25
Oh really, is this so , where have u read this can you please share the source?
I think support and resistance will be the best one.
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.
Jun 20 2021 at 03:29
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.
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.
To find the right indicator, it needs a lot of trail and experiments. An indicator working for me does not mean it will work for you. You have to find it out in a hard way.
Jun 20 2021 at 12:05
Akasuki posted:
To find the right indicator, it needs a lot of trail and experiments. An indicator working for me does not mean it will work for you. You have to find it out in a hard way.
If you ever get confused on the right indicator, the stick to support and resistance and pivot, make sure to master it and you are good too for profits.
Jun 23 2021 at 12:48
But they are not a sure shot signal. It's best to use your own logic for cross check before going forward with indicator signals for forex decisions.
StrategyCapitals posted:Akasuki posted:
To find the right indicator, it needs a lot of trail and experiments. An indicator working for me does not mean it will work for you. You have to find it out in a hard way.
If you ever get confused on the right indicator, the stick to support and resistance and pivot, make sure to master it and you are good too for profits.
Finding the right indicator is the toughest thing in this market.
Jun 24 2021 at 03:50
They work based on algorithms and patterns. So it's a yes that they are not affected by human emotions. On the other hand, they can’t look out for market fluctuations. Always combine your predictions with indicators to correlate the market trends.
Jun 29 2021 at 08:08
Indicators, bots, tools and everything that helps traders for market predictions and making profits will work effectively only when the trader knows how to use them efficiently. There are many indicator systems available and the trader should know which one he is looking for in his trading method.
Jun 30 2021 at 05:38
Blind use of any indicators is bad.. First a trader needs to understand the working, and how to interpret the results of an indicator.
The more your practice, the more you learn.
Jun 30 2021 at 09:16
Yeah, without knowing the significance of indicator you can't trade well.
Price action with the combination of indicator can a good trading strategy. But you need to find the right indicators that you understand the most.
SofieAndreasen posted: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.
I use some indicators. Which gives me a lot of good returns. For example, MCDI, Moving Average, vwap, etc. help me a lot.
