I like using indicators, but I like to keep it very much lower levels because too many indicators can really cause issues, so we are better at using it wisely. I like using naked way of trading far more because that way it’s easier for me especially for scalping. However, it’s obvious that the biggest challenge is money management with it and due to OctaFX broker, I am able to pull this off very brightly with their 50% bonus on deposit, so that’s absolutely superb!
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4 posters
Do you like indicators?
maltana- Posts : 50
Join date : 2017-01-26
- Post n°2
Re: Do you like indicators?
Indicator is very helpful for traders to trade forex successfully. But it is always helpful to keep the level of indicators low. Because having too many indicators can make a trader confuse. It is necessary to use any tool wisely if it is like the indicators in forex trading. I am a scalper and for me transparent way of trading is very helpful. But the proper use of this indicators can be only happen by the help of a good broker like ECNCAPITAL.
Faf Plesis- Posts : 457
Join date : 2017-03-19
- Post n°3
Re: Do you like indicators?
Yes I like indicators but not fully depended on it. To get a good signal of market we need to analyze marker properly. To get the help while analyzing market we need indicators. But most sadly to say that all that indicators are not well enough to provide signals. We should find out the best indicators among all indicators. Trade12 is providing the best platform where more than 250 ingredients like tools are available to analyze market as well as user friendly too.
Eric Weller- Posts : 596
Join date : 2017-05-02
- Post n°4
Re: Do you like indicators?
Indicators are very helpful for trading but not all of them. Some traders use so many indicators in their live chart it becomes very difficult to understand the market candle. I am saying this on my personal experience. I admit that indicators help us to understand market trend but not all of them. I use moving average, RSI and sometimes Bollinger band with AAFX mt4 platform. These indictors I like the most.
Faf Plesis- Posts : 457
Join date : 2017-03-19
- Post n°5
Re: Do you like indicators?
In forex every indicators are technical based. Technical indicators are fundamental part of technical analysis and are typically plotted as a chart pattern to try to predict the market trend. Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an "overbought" condition or an "oversold" condition. I have the best platform with Trade12 broker which includes more than 250 technical tools and user friendly.
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