adamsmiths Posted December 14, 2017 Share Posted December 14, 2017 In Forex, traders are becoming creative and they are inventing many new ways to lessen their burden. Indicators using in their chart is also one way of doing that by the traders. You will hardly meet any traders who are not using their indicators. We do not have the complaint if the people are liking to use these indicators. These indicators are there for a purpose and if you do not use them, you are going to lose all of your trading edges in the market. If you think you can trade better than now by using the indicators, we will definitely suggest you use them when you need. However, there are lots of people who are using these indicators too much and they are clogging their charts. They cannot see the whole picture of the market, the true reflection of the market because they are only being directed by the indicators. Our article is dedicated to those diehard fans of indicators. If you are loving these indicators and wondering why you not knew these earlier, may be reading this article will change how you think about these indicators. Remember these indicators are only desserts but they are not going to play the main role in your trading. You get to trade the market with your own strategy, with your own analysis and these indicators are only going to help you when you help yourself. Indicators are nothing but helping tools When you start your trading career you need to read a lot to develop a simple but effective trading system. If you are want to see yourself just as the successful Aussie traders then you have to learn the perfect art of trading the naked chart. Use the different formations of the Japanese candlestick to trade the key support and resistance level. Some of you might say that the expert Aussie traders often use indicators but do you really think that they take their trading decision based on the indicators reading. Indicators are nothing but the helping tools. You can use one or two indicators in your options trading career but consider them as your helping tools. Those who are making millions of dollars always use indicators as alternative tools to find the false trading signals. In fact, some traders often ignore them use the multiple time frame analysis to filter the best signals in this market. So make sure that you are not risking your career based on the indicators based trading system. Try to trade the raw price movements of the financial assets. Signals indicators are never accurate It is the most crucial part why professional traders do not like indicators. When beginners think they are going to kiss these indicators, professionals know these indicators are actually making you trade with the past trends. Indicators do not appear when the trend is ongoing. This Forex is a live market and if you are trading on the signal which is appearing even a second late, you are going to miss a golden opportunity for making profits. Appearing of the indicators after the trend is over is a major downfall which makes using indicators less appealing. If you think you can cut that by using many indicators, you cannot as this is the inherent quality of indicators. They appear when the trend is done. Too many indicators can hide the real pictures You are trading in the alive market and you need the whole picture of the market. If you think the market is going to fall down and the indicators are showing it has the chance to go up, it is a problem. Many traders have felt this problem in their life and that is why using too many indicators is not good. It makes you distracted, hides the real picture of the market and you trade on indicators that are not the part of whole market reflections. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 16, 2018 Share Posted January 16, 2018 For those who use indicators, it is suggested not to use more than one type of indicator one one purpose. For example, if you are using oscillator then use only one and if you are using volatility indicator then use only one. More than one will create problem for you in taking decision and sometimes will be the reason for loss. Quote Link to comment Share on other sites More sharing options...
Ariel Dala Posted January 8, 2019 Share Posted January 8, 2019 Frankly speaking, the problem is not about using too many indicators, but it’s about not having right money management, which creates the biggest issue. So, we MUST use good money management, then everything can work right. I go for FreshForex, which is amazing with their 101% Tradable Deposit Bonus and helps with working. Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted July 21, 2020 Share Posted July 21, 2020 working on the platform from the broker Expertoption, I always adhere to one choice, this gives a good result Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted July 28, 2020 Share Posted July 28, 2020 you should not use everything at once, the main thing is to correctly apply one or another indicator! Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted August 20, 2020 Share Posted August 20, 2020 I always advised not to do this, it will not give any good result, stick to one option Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted September 1, 2020 Share Posted September 1, 2020 working on the platform from the broker Expertoption, using everything to a minimum, and everything works out, profit is at the level, payments always come on time Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 2, 2020 Share Posted October 2, 2020 It should be understood that more indicators mean that the trader's opinion will be divided, and it will be more difficult to make the right decision. Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted December 18, 2020 Share Posted December 18, 2020 there will be problems with this principle of work anyway Quote Link to comment Share on other sites More sharing options...
Anne Morris Posted December 23, 2020 Share Posted December 23, 2020 I am not so keen on putting time into these things, as to me it leads to nowhere. I have greater preference for expert and that through the facility of Forexcopier, it is really simple to use yet is highly effective. If we figure out a good trader, we can simply run it through this and sit back to make good and consistent profits. It is what makes it so likeable for just about everyone out there. Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted February 27, 2021 Share Posted February 27, 2021 this option will only make things worse, so experienced traders avoid it Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 9, 2021 Share Posted May 9, 2021 problems in this case will be constant, it is still better to work without any third-party resources Quote Link to comment Share on other sites More sharing options...
bearhugs Posted May 22, 2021 Share Posted May 22, 2021 There are many kinds of indicators and when you mix them it can result in excluding signals. Like this, it will be very difficult to make a decision about the right moment to enter the trade. On the other hand, adding a few indicators that provide comparable information is not the best idea either. Some think it will give them a confirmation of the entry points. But in reality, it can lead to unnecessary confusion and make the market difficult to evaluate accurately. Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 30, 2021 Share Posted May 30, 2021 everything must be used with the head, otherwise there will really be extra problems Quote Link to comment Share on other sites More sharing options...
DonConcesso Posted July 5, 2021 Share Posted July 5, 2021 Why is it important to use an indicator, and how many indicators should a trader use for live trading? Quote Link to comment Share on other sites More sharing options...
fxoops Posted October 30, 2021 Share Posted October 30, 2021 oh yeah, I've seen people using so many indicators so you can't even see the chart anymore. Use the indicators you understand and comfortable with. No need for 1 million indicators as they will all contradict each other. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted January 18, 2022 Share Posted January 18, 2022 In general, indicators are a rather peculiar thing. You need to understand that in addition to indicators, you need to understand the situation on the market yourself. Quote Link to comment Share on other sites More sharing options...
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