Indicators are reliable but

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.

Never use more than one indicator of the same types. Or else it will give you a confusing signal.

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.

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.

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.

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.

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.

They can be reliable but first you need to know does it have what you require?

The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.

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.

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.

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.

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