Indicators are reliable but

Jan 12, 2021 at 12:33
2,469 Views
44 Replies
Member Since Jul 19, 2020   298 posts
Jan 12, 2021 at 12:33
Indicators are reliable. But the most important thing is how much you know about the indicators. More or less every indicator works. Everything depends on your skills and knowledge. The best indicator is the indicators that work for you. That's why learning trading needs time. You need to do a lot of experiment to find the suitable one for you.
Member Since Nov 26, 2020   17 posts
Feb 04, 2021 at 09:54
Yes, in order to make use of some indicators, a trader should have the required knowledge about them and how to pair them with a particular strategy.
Member Since Jul 23, 2020   759 posts
Mar 04, 2021 at 14:00
Never use more than one indicator of the same types. Or else it will give you a confusing signal.
Member Since Dec 11, 2020   18 posts
Mar 11, 2021 at 12:23
Whether you are using an indicator or not, your knowledge can play an important role. You can pair your trading strategy with a suitable indicator.
Member Since Jul 23, 2020   869 posts
Mar 12, 2021 at 04:06
Indicator is a technical tool for analysis. However, it is not essential to use in analysis.
Member Since Jul 19, 2020   751 posts
Mar 13, 2021 at 13:12
Ready made strategy doesn't help much in trading. We need personalized strategy to get success. Every person think differently. I can take someone's strategy but can't think like him. That's why it doesn't work.
Member Since Jan 05, 2021   12 posts
Apr 03, 2021 at 03:42
Indicators can be really helpful if they are used properly. There are some indicators I like to use including MACD, moving average, etc.
Member Since Jul 19, 2020   751 posts
Apr 04, 2021 at 12:13
Indicators are helpful if we can use it properly. People are so impatient that before the indicators showing signal they open trade. It is not a good thing to do while using indicators.
Member Since Nov 16, 2020   55 posts
Apr 05, 2021 at 05:21
Any tool that we use for trading, including indicators, has its own meaning and effect if we know how to use them.
Member Since Apr 15, 2020   219 posts
Apr 05, 2021 at 05:55
Michihito posted:
Indicators are reliable. But the most important thing is how much you know about the indicators. More or less every indicator works. Everything depends on your skills and knowledge. The best indicator is the indicators that work for you. That's why learning trading needs time. You need to do a lot of experiment to find the suitable one for you.
Correct, using indicators without knowing how they actually work and what their functions is just like performing a task with all the necessary resources but without knowing the role and working of each resource.
The more your practice, the more you learn.
Member Since Dec 28, 2020   187 posts
Apr 05, 2021 at 07:17
Yes indicators are reliable, first you need to know about all the indicators you want to use, you can combine 2-3 indicators according to your strategy.
Member Since Sep 12, 2017   238 posts
Apr 06, 2021 at 06:55
They can be reliable but first you need to know does it have what you require?
Member Since Jul 19, 2020   788 posts
Apr 07, 2021 at 16:17
The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.
Member Since Jul 23, 2020   759 posts
May 05, 2021 at 17:51
AliaDare posted:
The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.
Don’t solo rely on indicators. Try to read practice action also.
Member Since Jun 17, 2020   7 posts
Jun 11, 2021 at 07:08
They can be really helpful if you use them right. Best is to start practicing using 1 or 2 indicators on a demo account and master their use.
Member Since Mar 16, 2021   477 posts
Jun 13, 2021 at 01:28
Indicators help a lot to make a profit in trading but not all indicators work on time. So you should know about that before choosing an indicator.
Member Since Jun 08, 2020   44 posts
Jun 14, 2021 at 13:33
Are indicators reliable, and can beginners use indicator using the micro-lots account?
Member Since Jul 19, 2020   788 posts
Jun 14, 2021 at 16:55
Ebin posted:
Are indicators reliable, and can beginners use indicator using the micro-lots account?
Indicators are certainly reliable but it is very important to choose the right indicator. Because not all indicators provide good signals.
Member Since May 24, 2021   2 posts
Jun 14, 2021 at 17:42
I'm just using the Support and Resistance level to determine where should I enter. Follow me on my profile to see how I trade
Member Since Jun 14, 2021   3 posts
Jun 14, 2021 at 22:07
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?
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