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Indicators are useful but

UweMoench
Dec 17 2020 at 08:13
posts 751
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.

Igor (SmatchBR)
Dec 17 2020 at 10:35
posts 6
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
posts 759
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
posts 15
They are not the whole thing and if combined with a good strategy, they can be good.

illscarce874
Jan 08 2021 at 09:18
posts 24
That is right. The right trading mindset helps in determining how the trade might end up being. It comes with experience.

Michihito
Jan 09 2021 at 11:40
posts 298
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 2021 at 10:37
posts 36
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 2021 at 11:18
posts 38
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 2021 at 13:00
posts 30
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 2021 at 09:38
posts 36
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.

Adamgylicrist
Jan 16 2021 at 11:17
posts 38
mitchelstrack posted:
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?

Yeah, I’ve tried my hand on one of the exotic pairs (GBPSGD). The price fluctuations were good but then it’s a very high risk. Went back to trading major ones. You can probably test some exotic pairs before going live.

LyudmilLukanov
Jan 16 2021 at 17:38
posts 796
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.

True. Mastering one or two pairs is enough to be successful in trading.

Elena Triston (ele020)
Jan 18 2021 at 03:56
posts 219
UweMoench posted:
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.

Indicators are useful to only those who know to use them, you need to identify the correct combination of various indicators, using all of them together makes no difference at all but only causes confusion.

The more your practice, the more you learn.
Russel Gutierrez (russellgutierrez)
Jan 18 2021 at 13:07
posts 56
Adamgylicrist posted:
mitchelstrack posted:
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?

Yeah, I’ve tried my hand on one of the exotic pairs (GBPSGD). The price fluctuations were good but then it’s a very high risk. Went back to trading major ones. You can probably test some exotic pairs before going live.

That’s the trick and not every trader can rightfully understand the price movements with pairs. Not that they can’t make predictions but it has more to do with the market and international events have some influence. Anyway, I think CHF is a pretty safe currency to trade these days, it appreciates well. AUDUSD, NZDUSD, GBP/USD are the top most pairs on my list. Been trading these for some time with a few low spread brokers. Pepperstone, Fxview, Oanda have some variety of pairs, and prices are also decent.

Draggyr
Jan 18 2021 at 16:04
posts 25
If you don't like it or aren't interested, then choose something else. There's no room for criticism, but it's definitely worth pursuing.

Zolom
Jan 18 2021 at 16:18
posts 10
An indicator is a tool for analysis.
There are a huge number of different indicators - some of them may be useful to you, others may not. You test it and choose the ones you need. Everything is simple and not simple at the same time.

Vanza Dorbey (vanzadorbey)
Jan 18 2021 at 17:04
posts 31
Indicators are total bs...if there were an indicator that works, would it be shared among community.

Buzargas
Jan 22 2021 at 09:39
posts 27
But almost all strategies are based on indicators and working with levels.
That's because it is effective.
And it can really bring money and stability.

momo3HC
Jan 26 2021 at 21:03
posts 267
Indicators are fine and needed but overdosing with them is not fine. The more clear is the chart the better.

Sar John (Sarjohn)
Jan 27 2021 at 11:21
posts 187
There are a variety of indicators present, first you need to understand about the indicator which is useful to you. Combine the indicator which you need and then make a strong strategy, using all indicators at once makes no sense at all.

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