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❓ASK Which Indicator is best for your strategy?

Razor1911

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There are almost thousands of indicators that a trader can use in trading terminal. Some are free, some requires you to buy and some comes with a trial period. Among these thousands of indicators which indicator is best suited according to your strategy?

Since I usually trade with price action strategy, and use support and resistance method. So I use Moving averages, volumes index, Bollinger bands and fibonacci lines for analysis. Which one do you prefer for your trade?
 
The indicator that is best for my strategy is that adopt swingmethod of trading in that, I skip some days before I go back to trade. The best way to avoid indecisiveness well trading is to map out a plan which is realistic and achievable. Also, you could adopt Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader. I have been trading for over four months and I adopt the restriction to save my money. As a trader, you need to understand that there are big risks in trading. Experience is of essence, but you should come in terms with the reality that the market cannot be favorable always.
 
I am somebody who just prefers trading with the support and resistance levels and and such I have a very good knowledge about the relative strength index and accumulating volume. Just like any other person I also use the moving averages and the exponential moving average is very well and these three are my most used technical indicators.
 
I don't use much indicators on my chart as I am a fan of price actions,but still I can't do without moving Average 200 and 50 together with RSI.
Another indicator, though it's a custom indicator is precision trend,a very good indicator that does not repaint,best combined with RSI for clear entry.
 
In trading, at times, it's just ideal to adopt the swing method of trading, where you trade and take in-between breaks or skip some days and clear off your head. Remaining in the market at every slight opportunity is not always a good strategy because you could start mixing or misinterpreting the charts and curves due to excessive burnouts.
 
I am somebody who just prefers trading with the support and resistance levels and and such I have a very good knowledge about the relative strength index and accumulating volume. Just like any other person I also use the moving averages and the exponential moving average is very well and these three are my most used technical indicators.
This style of Trading is sweet if the market is swinging or ranging,with this trading style you can have a good 97 percent chance of winning the trade especially when you have a good clear entry at a resistance or support zone.. another strategy you can try out is using 200 and 50 moving Average to trade breakout.
 
This style of Trading is sweet if the market is swinging or ranging,with this trading style you can have a good 97 percent chance of winning the trade especially when you have a good clear entry at a resistance or support zone.. another strategy you can try out is using 200 and 50 moving Average to trade breakout.
Wow! I'll really like to attend your trading classes. You knowledge in trading is apt and I presume so are your trading skills and technicalities. I really need a Coach that can be patient while teaching me the fundamental and technicalities involved in Forex trading. If you could recommend anyone or any Webinars?
 
There are almost thousands of indicators that a trader can use in trading terminal. Some are free, some requires you to buy and some comes with a trial period. Among these thousands of indicators which indicator is best suited according to your strategy?

Since I usually trade with price action strategy, and use support and resistance method. So I use Moving averages, volumes index, Bollinger bands and fibonacci lines for analysis. Which one do you prefer for your trade?
To add to this, as a Trader in Forex, you have to wait or exercise patience in trading and wait for the perfect time until you receive a signal. It's not a complusion to trade every single day as this could be interesting to you but a dangerous zone of trading as you'll get burnouts and easily. Trading every second is not a guarantee of maximizing profits or salvaging losses.
 
FOR ME,MAC D IS CERTAINLY THE MOST OUTSTANDING INDICATOR.IT IS WONDERFULLY FRUITHFUL WHEN I COMBINE IT WITH THE CANDLE STICK.IT GIVES AN AMAZING RESULT IN ALL AREAS OF TRADES.I REALLY LIKE USING IT BECOS OF ITS GREAT TENDENCY TO COVER UP LOSSES
 
FOR ME,MAC D IS CERTAINLY THE MOST OUTSTANDING INDICATOR.IT IS WONDERFULLY FRUITHFUL WHEN I COMBINE IT WITH THE CANDLE STICK.IT GIVES AN AMAZING RESULT IN ALL AREAS OF TRADES.I REALLY LIKE USING IT BECOS OF ITS GREAT TENDENCY TO COVER UP LOSSES
I have been trading for some few months on Demo app and I utilize the stop loss restriction to save my risks. As a trader, you need to understand that there are big risks in trading and even professionals are not free from the unpredictability threats. Experience is of essence, but the market is not always in your hands. It is better to loose a few dollars than the whole investment due to greed and unrealistic expectations and ignoring the indicators.
 
Wow! I'll really like to attend your trading classes. You knowledge in trading is apt and I presume so are your trading skills and technicalities. I really need a Coach that can be patient while teaching me the fundamental and technicalities involved in Forex trading. If you could recommend anyone or any Webinars?
Actually,I didn't achieve my trading prowess on my own,I have good YouTube mentors that run daily analysis of currency pair prior before the trade is taking and this is done on a naked chart.
You can also become an expert trader if you are willing and you don't need to pay for any knowledge,just sacrifice your time in research and reading articles on trading.
 
Every Crypto trader or Forex will always use the Bollinger band or the Mac CD, they are the best indicator anyone can use especially when you are trading the volatile market but even with it this if you cannot interpret it perfectly the risks of losing is still very high.. talking from experience.
 
I like simple horizontal lines showing support and resistance zones. This combined with the 4-hour EMA can be superb for swing trading and helps me know when to enter a trade or exit one.
However, each tool is useful but I choose to learn gradually and not overwhelm my charts.
 
Every Crypto trader or Forex will always use the Bollinger band or the Mac CD, they are the best indicator anyone can use especially when you are trading the volatile market but even with it this if you cannot interpret it perfectly the risks of losing is still very high.. talking from experience.
Fibonacci is also another indicators some Forex traders adopt and the method I adopt is; the Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen recommended for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader.
 
Actually,I didn't achieve my trading prowess on my own,I have good YouTube mentors that run daily analysis of currency pair prior before the trade is taking and this is done on a naked chart.
You can also become an expert trader if you are willing and you don't need to pay for any knowledge,just sacrifice your time in research and reading articles on trading.
Wow! This is actually impressive. I'll definitely learn trading via these tips because I'm better off with self-research too and with the brush off by a Coach. The thing is some YouTubers don't really have in-depth knowledge on forex trading,they just atimes post videos and use automated voices and you might end up incurring losses because their aim is just to grow their channels.
 
Wow! This is actually impressive. I'll definitely learn trading via these tips because I'm better off with self-research too and with the brush off by a Coach. The thing is some YouTubers don't really have in-depth knowledge on forex trading,they just atimes post videos and use automated voices and you might end up incurring losses because their aim is just to grow their channels.
That is one disadvantage of self taught,you just have to swallow any information that comes your way and believe me there is no bad information on YouTube,no doubt they are all for the money but if you really want to learn you will always pick one or two lessons from any information no matter false it will appear.
 
Trading and looking at the screen aimlessly could be devastating and bring trading negativity. In trading, you must be strategic and have a good entry point into the market which is of utmost importance. You should also adopt using your indicators which would give and help to salvage losses. As a trader, taking breaks should be inculcated to avoid burnouts.
 
Fibonacci is also another indicators some Forex traders adopt and the method I adopt is; the Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen recommended for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader.
I only use stop-loss if I am dreading with high liquidity that is from x 10 leverage up, but if I am trading spot with little capital I do not really bother to use a stop loss because it's not really necessary except people that have enough money to trade future with accurate signal.. Sport trading does not have high liquidity and people might not necessarily use stop-loss except trading with a very serious capital.
 
Always work on one indicator.if u use Allways use different kind of indicator.its not good thinking. Moving average is the best one of All indicator .lots of experts using only moving average indicator..
 
Always work on one indicator.if u use Allways use different kind of indicator.its not good thinking. Moving average is the best one of All indicator .lots of experts using only moving average indicator..
Yes, I think I agree with you. Using indicators is a good strategy in trading but using or adopting all indicators at the same preliminary time would invariably lead to confusion and might lead to accumulating losses. It is good to be highly technical and have critical decision-making skills while trading and also inculcate discipline.
 

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