are indicators the key to forex trading in the short and long run?

[Cutiekc]

Indicator has its own role to play in forex trading,cause they gives siginals they can possibly contribute to sucess as well as failure because some indicators give false or no accurate market reviews thats why we ought to analyze first the check our result if it matches with that of our indicator.

 

[nasim39]

Indicators are help to your trading style in which you can easy know that market is UP or down. and you can make your next decision for placing an order according to the indicators.

 

[Razor1911]

Indicators are used for a purpose. These are the tools which indicates that how a market may move in future. They only indicate that, never tell us accurately. So a trader should always carefully select which indicator will be best for them to use trading.

 

[nasim39]

The indicators are very much essential in the success of the Forex business. It helps the traders to take a pragmatic step in order to overcome any types of obstacles in the business. If the traders use it very carefully, then they will be successful very easily.

 

[monyitomon]

Some traders don't feel that it's useful so it really depends on you if you will trade with indicators, but don't be so dependent on it. Just make your own research because I am sure you can find a lot of stuff about Forex trading with Indicators.

 

[Taha Nizam]

I used some indicators although, it does not really provide us with or the investors assurance to make good earnings using it. As always foreign exchange market is not have any system that can able to provide us all win deals and therefore just simple to generate.

 

[Cutiekc]

Indicators are useful and equally are misleading,though not saying that we shouldn't make use of an indicator but a good trade ought not to rely on an indicator,personal research should be done then cross checked with that of an indicator to see how real or accurate the result are.

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Indicators are useful and equally are misleading,though not saying that we shouldn't make use of an indicator but a good trade ought not to rely on an indicator,personal research should be done then cross checked with that of an indicator to see how real or accurate the result are.

 

[Taha Nizam]

Indicators are help to your dealing design in which you can simple know that industry is UP or down. and you can create your next choice for putting in the transaction according to the indicators

 

[riddick09]

Of course, it is Because, you can't make a trading strategy without the any use of Forex indicators. Your strategy should always compose of indicators which helps you in analyzing the market. There are lots of indicators that we can use either default or custom indicators depends on our preferred way of trading.

 

[algoa bay]

I agree with Valexer that indicators should only be used to support your own analysis. As a newbie trader some years ago I spent many hours (on a demo account) trying out all kinds of indicators. Sometimes they worked, and sometimes they did not! I am a strong believer in starting any search for a possible trade with two techniques: First, establish the relevant trends (primary, intermediate and short-term), and try to trade only when all three are moving in the same direction. Second, find where the levels of support and resistance lie. If these two techniques suggest a possible trade, you can then look for supporting evidence through indicators.

 

[nasim39]

It is true that there are numerous indicators for MT4 as you shared name above but find a good indicator is not easy. Each indicator is promoted as the best indicator but in real it is total fake. However, moving average is much better indicator and helps to make profit. I have tested it.

 

[Cutiekc]

It is true that there are numerous indicators for MT4 as you shared name above but find a good indicator is not easy. Each indicator is promoted as the best indicator but in real it is total fake. However, moving average is much better indicator and helps to make profit. I have tested it.

See making use of numerouse indicators makes it complicating most at times because,when they give us signals and their signals ain't matching with that of others then it will be so hard to make decision thats why its best to make use of two to three trusted indicators.

 

[Razor1911]

Indicators are mean for indicating. They don't give us accurate signals everytime. Rather than depending fully upon the indicators, a trader should always try to learn from the price action and candle stick and then they can additionally use the indicators to verify the movement of the market.

 

[Taha Nizam]

Indicators are used for a objective. These are the resources which indicates that how a industry may shift later on. They only indicate that, never tell us perfectly. So a investor should always properly decide which signal will be best for them to use dealing.

 

[rocafella]

Price movement is the only good indicator. Support resistance / trends etc.

You cannot even trust volume in forex (its not real volume but ticks volume).

 

[Cutiekc]

Indicator really helps because they are in charge of giving market siginals,they gives forcast on the previous market,how it looked like and that will help in giving us a ppicture of how the next market session will look like so indicator are also key to success in forex trading as well as key to failure.

 

[Taha Nizam]

The indicators are very much important in the achievements of the Currency trading business. It allows the investors to take a realistic phase to be able to get over any kinds of challenges in the company. If the investors use it very properly, then they will be effective very quickly.

 

[kasual]

indicators will help trader figuring out with what happened in the next market movement based on the past movement data. traders can use indicator for long term and short term purpose based on their need. with good knowledge about how to read information generated by indicators, can be sure traders will able to take advantages.

 

[Taha Nizam]

Indicators are mean for showing. They don't provide us with precise alerts whenever. Rather than based upon completely upon the indicators, a investor should always try to understand from the cost activity and candlestick keep and then they can furthermore use the indicators to confirm the activity of the market.

 

[rexway]

Indicators are very good for sure so we need to take advantages of it as well and also focus in making good analysis through this instrument which will be very helpful to us and can contribute to our succees.