What would you rather use for trading?
May 21 at 13:42
Vues 139
5 Replies
Membre depuis Apr 30, 2024
posts 1
May 21 at 13:42
Hello guys,
I am rather new to trading. I was wondering what you would rather use in order to trade forex:
Expert Advisors, Signals, Social Trading or Indicators?
I am rather new to trading. I was wondering what you would rather use in order to trade forex:
Expert Advisors, Signals, Social Trading or Indicators?
Membre depuis Jun 25, 2020
posts 10
May 21 at 15:38
Hi,
Charts are enough to trade Forex but all is good as far as your trading style suits your psychology..
I suggest to learn it first from a good mentor(s) before putting any real money. It seems boring but this is the right approach towards success in trading.
Charts are enough to trade Forex but all is good as far as your trading style suits your psychology..
I suggest to learn it first from a good mentor(s) before putting any real money. It seems boring but this is the right approach towards success in trading.
One thing that I keep a note of, in trading, is not Money, It is Numbers!!
Membre depuis May 07, 2024
posts 2
May 22 at 14:51
if you have to choose 1, go with indicators, but remember that indicators are lagging and the #1 input in most indicators is price, so you'd probably be better off just focusing on price action
Membre depuis Aug 04, 2014
posts 66
May 22 at 16:17
panchovilla84 posted:Many times the indicators will mislead you, in my opinion, you should be more involved in learning raw chart analysis
if you have to choose 1, go with indicators, but remember that indicators are lagging and the #1 input in most indicators is price, so you'd probably be better off just focusing on price action
Membre depuis May 07, 2024
posts 2
May 22 at 16:24
Fx_challenger posted:if by 'raw chart analysis' you're referring to naked price action, s/r zones, classic chart patterns, etc....then yes i agreepanchovilla84 posted:Many times the indicators will mislead you, in my opinion, you should be more involved in learning raw chart analysis
if you have to choose 1, go with indicators, but remember that indicators are lagging and the #1 input in most indicators is price, so you'd probably be better off just focusing on price action
Membre depuis May 24, 2024
posts 3
Jun 12 at 17:09
To start, I suggest using simple indicators such as moving averages, RSI, Ichimoku, ....
Social trading has the risk of being dragged into some point of market to be hunt by the brokers. So avoid it!!!
But for the Expert advisors, learning how to create a robot to backtest your trading strategy is an advantage. However to have a constantly profitable robot you need high level of programming, mathematics and statistics. So It is a team work.
Social trading has the risk of being dragged into some point of market to be hunt by the brokers. So avoid it!!!
But for the Expert advisors, learning how to create a robot to backtest your trading strategy is an advantage. However to have a constantly profitable robot you need high level of programming, mathematics and statistics. So It is a team work.
Steady Growth
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