Personally I trade by following moving average and RSI indicators combination. But that doesn’t mean they always ensure 100% accurate signals. I also suffer losses at times but I can carry profit on average.
Gradual performance evaluation is essential for traders because it works as an alarm of development. Almost every broker allows traders with demo accounts.
People are not in profit due to this malpractice. But only expert traders follow trends in their trading but the remaining traders are quite unaware of this.
Better indicator knowledge helps traders forecast the market well. But you have to find out some good indicators with time that give a trader better signal.
Scalping is a good approach of trading for which we need an advanced technology-providing broker because with such brokers, we can execute our trades smoothly on time.
I always follow some indicators to predict the price of the market and these indicators are RSI, Stokistics, Moving average, Bollinger bands and trendlines.
In Forex, traders of different walks of life follow different strategies for example I follow the position of moving average, RSI, stokistics before opening trades.
Personally, I take most of my decision based on technical analysis and for technical analysis, I use moving average, RSI, Stokistics and Bollinger bands.