Trading Without Studying Indicators.
Most of the traders used to study various kinds of indicators and make their own strategy and assumption from those before making a trade call but there are also many traders who don't study indicators and just see the entry and exit points before trading.
In which category - you put yourself ?
Me actually in the beginning just used to see the trend line and used to go for scalping but now slowly i used to read all the indicators before going to trade.
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Make sure that you spend time learning how to read charts and developing a Forex trading strategy which gives you a reasonable return at a risk level that you are comfortable with, and more importantly make sure you then stick to that strategy.
It is true that complex Forex indicators will often leave you confused however there are some Forex indicators which make trading as simple as possible so you can focus on making the right call. These indicators will give you the information you need without over complicating your charts, helping you to make the best decision.
It is true that complex Forex indicators will often leave you confused however there are some Forex indicators which make trading as simple as possible so you can focus on making the right call. These indicators will give you the information you need without over complicating your charts, helping you to make the best decision.
Trading with or without indicators is strictly a matter of choice. For me, I rely more on indicators like moving Average, Parabolic Sar, trend lines and the likes. They've really help my trade. Moreover, I learnt trading with indicators and I find it hard to trade without them. I feel I cant trade trade without using these indicators to analyze the market first and trading towards the derection they point towards.
However, it's not compulsory that one should use indicators. Anyone could use any style to trade with or without indicators, provided he achieve the primary objective of making profit. I guess its all good if someone can trade and make profit withous using indicators.
However, it's not compulsory that one should use indicators. Anyone could use any style to trade with or without indicators, provided he achieve the primary objective of making profit. I guess its all good if someone can trade and make profit withous using indicators.
Indicators are useful only for reference according to my experience and we should never use these indicators for taking the entry level into the market because most of these indicators are either lagging or leading indicators. Thus more chances of being faked out when used in smaller time frames.
I have failed when i have taken the entry into the market depending upon the signal from these indicators, hence i use these indicators now only for determining the trend and to know the market environment only. Some of the indicators which i use and like is bollinger bands, ichimoku, awesome oscillator. I do not use all of these at a time, i have it customized accordingly to each pair which i trade.
Indicator is absolutely essential for all the traders.They help us in making the analysis of the market because there are several indicators in use by different broker and traders like maced and much more.And these indicators usually indicate us with the perfect data of the rise and fall of the market properly.This always helps us to know about the rise and fall as well as the ongoing of the market.
This acts much like a suggestion to how and when we should be trading.And if we trade at the right time and close the trades at the right time then we can hugely gain profits and also avoid losses more than anything else.And it helps us to also analyze the market well and we can trade comfortably with our trades with indicators.
