Jul 01 2021 at 12:10
How do you use them to identify trades? I try using indicator but there were too many fake signals
sopranoberidze posted:Yes. I agree with you.
How do you use them to identify trades? I try using indicator but there were too many fake signals
Jul 02 2021 at 07:24
sopranoberidze posted:less is always more,, use limited indicators depending upon the strategy.
How do you use them to identify trades? I try using indicator but there were too many fake signals
The more your practice, the more you learn.
Jul 05 2021 at 07:27
There are thousands of indicators available online. Knowing which one to use itself requires a lot of knowledge and understanding. I have seen many people using a number of indicators running in their trading window. I would always prefer to go with one single indicator along with your own speculation skills. Indicators are finally just algorithms that work based upon the input parameters.
@lilliemorris Yes to find the right indicator is not an easy task. One needs to do a lot of trail and experiments to find the right indicator for him.
Jul 07 2021 at 04:41
Indicators are just an added source of information to help you understand various trends of the market and make a better investment decision. You cannot completely rely on them. Doing your own research is also important.
@marshallbuchanan Yes indicators are not everything. It is just the tool that helps u to understand about price charts. Decison making is the most important part.
Of course we can't be hundred percent sure about the price movement, nevertheless indicators and oscillators can help us to approach to the most possible option of exit from a deal, you know. I mean that indicators can be very helpful for those traders who really know how to use them and how to make money due to them. Well, I agree that there is no one hundred percent possibility that you win a particular trade, however they really can help you to win. Moreover, indicators shouldn't be used by rookies mainly because it's kinda difficult for them to use them. The have to know all the peculiarities of using indicators.
not all indicators will help you in trading, there are options that work poorly or do not work at all
Having only one indicator in your trading strategy is a bad idea. THe thing is that there are no indicators which are coorect in 100% of cases. All the indicators give false signals which can be caused by many factors. So, if you want to make your trading strategy more successful, you'd better use several indicators which will give you better understanding of what is happening on the market during the given period.
The role of indicators shouldn't be overrated. They are only the tools which help a trader make decisions. The first thing you should pay attention to is the chart itself, and only after it you can you can turn to indicators which will confirm or reject your ideas. More than that, you'd better use several indicators at the same time in order to get a clear-cut idea of the current market situation.
It should be understood that indicators are not always reliable - you should be ready for this. Otherwise, the result may not be the most positive.
In my opinion, indicators are reliable in forex trading. I base this opinion on my own personal experiences with indicators and the experiences of others that I know that use indicators. Indicators’ utility differs from person to person based on what they like and the kind of strategy they want to use.
If you write that the indicators are reliable, this will not give reliability. You need to look for really reliable and good indicators.
Oct 23 2021 at 15:40
There is no guarantee that all of the indicators are reliable and professional traders should understand this as well as rookies. There is nothing in trading which can give you a hundred percent result. Everything depends on the combination of factors. If we speak about fundamental analysis, then I can claim that if you're experience enough in it, you can predic the future price movement. If we speak about technical analysis, then there is also a probability that you will guess the future price direction, nevertheless it's not hundred percent. Be careful with it and never rely on your conclusions on hundred percent.
Of course, indicators are reliable. There are some good trading strategies based on indicators. However, one needs to learn and do enough back testing before using indicators. Time frame is an important factor as well. Some indicators work well on particular time frame, which needs be found out by traders.
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