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❓ASK Does anyone here use technical analysis when trading?

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111kg

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As a Forex trader, I rely a big part of my trading on technical (but also fundamental) analysis. Is anyone else doing the same thing? Perhaps we could exchange ideas and tips.
 
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TheAvenger said:
I see you are doing good by investing in forex. But i do not have an ideo on your request, search the internet and you can find possible solutions
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Yes, he can search the net and he will find good and trustworthy information on how to get what he is looking for...
 
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I am pure technical trader using indicators.People doing technical trading can either be price action traders or ones using indicators.I find indicators best for as i use the ones coded well by experienced traders.There are thousands indicators but people confine themselves with only those available on the metatrader 4 chatting platform.I tried price action but didn't work for me.
 
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George10640 said:
I am pure technical trader using indicators.People doing technical trading can either be price action traders or ones using indicators.I find indicators best for as i use the ones coded well by experienced traders.There are thousands indicators but people confine themselves with only those available on the metatrader 4 chatting platform.I tried price action but didn't work for me.
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Which analysis are using an its currently working for you because i have been into crypto trading lately but still finding it hard to understand how fores trading works
 
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Wisdom01 said:
Which analysis are using an its currently working for you because i have been into crypto trading lately but still finding it hard to understand how fores trading works
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I just combine several indicators to help me maximize my wins.Indicators are just there to filter loses and also give me perfect entry to my trades.I spend more of my time testing better indicators out there.
 
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George10640 said:
I just combine several indicators to help me maximize my wins.Indicators are just there to filter loses and also give me perfect entry to my trades.I spend more of my time testing better indicators out there.
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Thats really an effective way to analyse the trade options and put your next trade with a strategy.Technology has just made trading simpler than ever.
 
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For you to be a successful forex trader, you have to stick to technical analysis and fundamental analysis both are good because you can't control fundamental analysis but you can control technical analysis so combining the 2 is good not just one.
 
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achawaskey said:
For you to be a successful forex trader, you have to stick to technical analysis and fundamental analysis both are good because you can't control fundamental analysis but you can control technical analysis so combining the 2 is good not just one.
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Its better to learn both trading strategy(that is fundamental and technical analysis)I trade forex as well but I spend so much time learning technical analysis and how to combine various indicator,I loss alot yesterday but luckyly I my stoploss prevent me from lossing that much,for beginners I will advice you set stoploss and take profit to prevent you from loosing that much.
 
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tray59 said:
Its better to learn both trading strategy(that is fundamental and technical analysis)I trade forex as well but I spend so much time learning technical analysis and how to combine various indicator,I loss alot yesterday but luckyly I my stoploss prevent me from lossing that much,for beginners I will advice you set stoploss and take profit to prevent you from loosing that much.
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From your expression it shows you are an expert in forex trading, I don't know what stoploss means in trading probably because I am not into Forex trading.
 
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De-rector said:
From your expression it shows you are an expert in forex trading, I don't know what stoploss means in trading probably because I am not into Forex trading.
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Thats very simple,stop loss means sell your stock at that price which you set when the prices are what you set to avoid potential losses.
 
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shrey1408 said:
Thats very simple,stop loss means sell your stock at that price which you set when the prices are what you set to avoid potential losses.
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That's better so with this feature in place it is not necessary you are online to always monitor. If this is possible in Crypto trading it will be great.
 
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tray59 said:
Its better to learn both trading strategy(that is fundamental and technical analysis)I trade forex as well but I spend so much time learning technical analysis and how to combine various indicator,I loss alot yesterday but luckyly I my stoploss prevent me from lossing that much,for beginners I will advice you set stoploss and take profit to prevent you from loosing that much.
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This feature seems to be very helpful, right? The fear of losing it all is part of the reasons forex trading has not really been my thing.
 
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De-rector said:
That's better so with this feature in place it is not necessary you are online to always monitor. If this is possible in Crypto trading it will be great.
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Yeah mate,it will eventually make the whole process very easy and more people will opt for trading as their career or part time work.
 
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I look forward to that , at least with this feature some people that are planning to sell off their coins now due crash in bitcoin price will be able to that easily to the set coins.
 
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De-rector said:
I look forward to that , at least with this feature some people that are planning to sell off their coins now due crash in bitcoin price will be able to that easily to the set coins.
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Yeah mate the technological usage in trading will prove to be very efficient for all the day traders and the economy of people will increase.
 
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shrey1408 said:
Thats really an effective way to analyse the trade options and put your next trade with a strategy.Technology has just made trading simpler than ever.
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Surely when it comes to automation, people have coded so many indicators and even alerts to let them enter into the trades at the right time.Also having system to trade for them.
 
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It is good to learn both so to know how both of them work, so to know which one to use when trading it is very important, you have to do research on the internet to know the best to use.
 
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Joy101 said:
It is good to learn both so to know how both of them work, so to know which one to use when trading it is very important, you have to do research on the internet to know the best to use.
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Learning both could be nice but when it comes to active and real trading combining the two could mislead you.Personally I prefer sticking to one strategy developed and follow it well.
 
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Joy101 said:
It is good to learn both so to know how both of them work, so to know which one to use when trading it is very important, you have to do research on the internet to know the best to use.
Click to expand...
Yeah and most times learning different methods actually helps because if one did not work you can use the other ones i think
 
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