What would you rather use for trading?
May 21 at 13:42
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5 Replies
Membro Desde Apr 30, 2024
1 posts
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?
Membro Desde Jun 25, 2020
10 posts
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!!
Membro Desde May 07, 2024
2 posts
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
Membro Desde Aug 04, 2014
66 posts
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
Membro Desde May 07, 2024
2 posts
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
Membro Desde May 24, 2024
3 posts
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.
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