Retail traders don’t need indicators - they need to stop lying to themselves
If your chart looks like a Christmas tree… you’re not trading, you’re guessing.
RSI, MACD, Fibonacci, Supply/Demand zones, ICT concepts, most of you are stacking tools to justify poor entries, not to build a repeatable edge. It's pointless
Here’s the truth:
Trading is 90% psychology, 9% risk management, and maybe 1% “strategy.”You don’t need a new indicator.You need to stop overtrading, respect position sizing, and wait for high-probability setups.
I hate how I see most retail traders blow up not because they "didn't learn enough"—but because they chase noise. You’re not in the markets to be excited, you’re here to make money. Stop trying to be entertained. Start being disciplined.
Who thinks indicators are the edge?
#Forex #RetailTradingReality #DisciplineOverHype #Myfxbook #CapitalPreservation #NoIndicators #TradingTruths
Most retail traders don’t fail because they’re using the wrong indicator. They fail because they don’t respect their own rules. Overtrading, poor risk management, and chasing setups out of boredom — that’s what really hurts performance.
it’s not the indicator that fails you, it’s the lack of discipline and poor position sizing. In my years trading, I’ve found that waiting for high-probability setups and respecting risk rules yields far better results than stacking RSI, MACD, or Fib tools
Most indicators just end up making things more complicated. Trading’s really about being patient, managing risk, and sticking to your setups.
You need to correctly configure indicators for specific timeframes and then there will be results)
I don't believe indicators contain any form of edge, since they can't extrapolate the future. Edge comes from the right mindset, a good money management and studying what is moving markets. That's all to it. I am trading on naked charts, no Indicators, no tricks. Just pure price action.
Traders can use whichever indicators they prefer, as long as those indicators are incorporated into a proven strategy (forward and back-tested) and show consistent profitability.
Key elements every trader must include in their approach:
The right Mindset
Money Management
Discipline
Control of over-trading
All as suggested in previous posts above but these should be common sense when starting out in the trading world.
But without a proven edge backed by a solid strategy, its only a matter of time before the account is blown---period.
Personally. I don't rely on indicators in my strategy, since most are lagging. The only indicator I use is Fibonacci, which I apply as a predictive tool, incorporating pattern recognition.
