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Is there anyone who would like to share trading experiences? For example, what useful technical indicators?
In my view, none of the technical indicators are useful or all of the technical indicators work with 50-50 winning losing ratio, so if you made money today, next time the same indicator is going to give you loss in trading
trader use multiple indicators for increasing probability but its not what worked for me personally.
If you want to understand market, instead of looking for indicators, you should study Supply n Demand, Support n resistance and price action which would be far better than any existing indicators
Is there anyone who would like to share trading experiences? For example, what useful technical indicators?
Is there anyone who would like to share trading experiences? For example, what useful technical indicators?
Relying on ONLY indicators in the trading world where you can find tons of them to utilize in the market will not be an efficient and good idea,
as most of the indicators aren't reliable all the time and provide false signals and entries as well as identifying market conditions if only relied on them,
you can instead work on price actions, support / resistances and some fundamental analysis,
after that you can add to your strategy some trusted and known indicators having the types as momentum and trend which in this case will give you a more trusted signal rather than only relying on indicators themselves
As others have already said, indicators alone will not make a winning strategy.
Of course there are indicators that are helpful. I personally like VWAP, ATR, and WPR. Volume is also very important, but on MT5 there are not good volume indicators by default.
Support and resistance and learning how to properly read the chart (price action) is more important.
Specialzing on a few markets that you want to trade is a must - choose a few forex pairs, index, metals, etc., and spend a LOT of time reading them, learning how the price moves, how it reacts to news, etc.
Is there anyone who would like to share trading experiences? For example, what useful technical indicators?
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