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Tools to trade.

Sep 15, 2019 at 08:17
2,891 Views
61 Replies
Biedrs kopš   65 ieraksti
Sep 15, 2019 at 08:17
There are many tools like oscillators, averages, and others. Common mistake among new traders is to mix everything up. They feel more comfortable when there are more tools on chart. This way it is hard to learn with one specific tool. Because you have so many tools on chart you will act on different signals. Yes, some indicators work great together but you should know what are you looking for. This may be very confusing. Result is always the same – no progress.
Biedrs kopš   11 ieraksti
Sep 16, 2019 at 10:47
I had best progress when I took all the indicators off my charts and just traded price action. I think that is the best way
Biedrs kopš   4862 ieraksti
Sep 17, 2019 at 09:01
Your
- eyes
- brain
- hands
- internet connected device

Biedrs kopš   886 ieraksti
Sep 17, 2019 at 10:15
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.
Biedrs kopš   8 ieraksti
Sep 17, 2019 at 12:34
All you need is
 - patience
 - cool head
 - determination

Biedrs kopš   718 ieraksti
Sep 17, 2019 at 14:56
lazilybento posted:
All you need is
 - patience
 - cool head
 - determination


And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!
Biedrs kopš   4862 ieraksti
Sep 18, 2019 at 06:36
AmDiab posted:
lazilybento posted:
All you need is
 - patience
 - cool head
 - determination


And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!

Good trading strategy is necessarry for trading, but it is not a tool.
It is telling you how and when to trade while tool is to execute the trade
Biedrs kopš   28 ieraksti
Sep 18, 2019 at 11:21
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.
Biedrs kopš   4862 ieraksti
Sep 18, 2019 at 12:23
jakes90 posted:
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.
thumbs up
Biedrs kopš   920 ieraksti
Sep 18, 2019 at 14:18
jakes90 posted:
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.

Even; many traders try to rely on only the trading indicators; that’s really an unrealistic vision.
Biedrs kopš   886 ieraksti
Sep 19, 2019 at 10:22
there is anyone who can suggest me a Best Book which is more appropriate for using scalping successfully , i have been using 'Best Scalping and heading' , its not bad but not also more different something.  
Biedrs kopš   16 ieraksti
Sep 19, 2019 at 11:34
When I started trading, I used many different indicators, sometimes at the same time. But one day my mentor said. If your chart has a lot of different indicators, then it means that you do not know how to use them.
The main purpose of each trader is to define a signal for entering and exit. there is nothing bad to use different indicators, but, there's a significant fact that no one is working perfect. Sometimes any tool will make mistakes and trader should realize it and try to predict.
Do not be greedy and invest in your business as much as you can.
Biedrs kopš   38 ieraksti
Sep 20, 2019 at 05:10
Some people believe that more the number of tools he uses in forex trading , better would be the trading results. But that is not so. Using one or two indicators is rather a better thing to do. Using more tools only means confusing yourself. Using a combination of tools is also a good idea. So neither depend on just one tool nor use so many tools that you can’t reach a conclusion.

P.S – use only those tools you are fully aware about.
forex_trader_688163
Biedrs kopš   140 ieraksti
Sep 20, 2019 at 07:04
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.
Biedrs kopš   4862 ieraksti
Sep 20, 2019 at 10:27
Nasrul_Swing posted:
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.

you need also device connected to Internet and some client app, be it MT4/5, ctrader or even webtrader
Biedrs kopš   886 ieraksti
Sep 20, 2019 at 12:20
In Fx trading the bonuses we get from our trading brokers practically cannot use in a proper way due to many restrictions. So, we have to choose the regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use in a proper way due to many restrictions.
Biedrs kopš   920 ieraksti
Sep 21, 2019 at 13:49
Nasrul_Swing posted:
If all indicators available in MT4 can predict the market price, sure our fx traders are billionaire now. Some said, trade with price action, but have you seen anyone become billionaire traded with price action only?
The only tools to trade are:
1. Broker
2. Internet connection
3. Money
4. Brain

To leave your current job faster, be marketer.

Buddy; using the tool and depending on trading tool are not the same! Depending on any trading tool is dangerous and unrealistic!
Biedrs kopš   718 ieraksti
Sep 21, 2019 at 14:43
steve_25 posted:
Some people believe that more the number of tools he uses in forex trading , better would be the trading results. But that is not so. Using one or two indicators is rather a better thing to do. Using more tools only means confusing yourself. Using a combination of tools is also a good idea. So neither depend on just one tool nor use so many tools that you can’t reach a conclusion.

P.S – use only those tools you are fully aware about.

But I see; using unnecessary trading tools bring more damage; since traders can’t see the market in a proper way!
Biedrs kopš   886 ieraksti
Nov 01, 2019 at 03:23
demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.
Biedrs kopš   785 ieraksti
Nov 03, 2019 at 17:14
when trade in practical mistake of course will happen , no way to avoid it. but if we do same mistake again and again there is no way to come out loss project , second mistake always our own choice.
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