How many indicators do you need?

[ForexVerified]

why, many idicators can give you more information, if you can handle it properly, why not to use more indicators?

It's basically a trader's personal preference. Some get conflicting signals from using many indicators, others love it (although there's no way that all indicators can give you the same signal at the same time).

 

[EuroTrader]

It's basically a trader's personal preference. Some get conflicting signals from using many indicators, others love it (although there's no way that all indicators can give you the same signal at the same time).

In our trading we will usually come across many types of trading signals some of which are true but normally speaking many of the trading signals are false and misleading

 

[ForexVerified]

In our trading we will usually come across many types of trading signals some of which are true but normally speaking many of the trading signals are false and misleading

If that happens to you often you can invert your signals = when you get a buy signal you enter sell with the take profit set at the stop loss level of you previous signal and vice versa.

 

[mlawson71]

If that happens to you often you can invert your signals = when you get a buy signal you enter sell with the take profit set at the stop loss level of you previous signal and vice versa.

That can help, if you are able to differentiate between the true and the false signal, and sometimes that's easier said than done.

 

[ForexVerified]

That can help, if you are able to differentiate between the true and the false signal, and sometimes that's easier said than done.

It's not easy, true. But you have to adjust if you are to earn trading Forex.

 

[mlawson71]

It's not easy, true. But you have to adjust if you are to earn trading Forex.

Absolutely. Forex always requires traders to adjust and adapt to a new situation, to learn more. It takes more effort than just sitting back and watching the money make themselves.

 

[EuroTrader]

Absolutely. Forex always requires traders to adjust and adapt to a new situation, to learn more. It takes more effort than just sitting back and watching the money make themselves.

As we all know that the importance of doing a good and reliable trade in such a time is the most important things for us

 

[downtrend]

A few simple indicators do help in trading but if you will complicate your trading chart with too many indicators, then you can have a serious problem in trading.

 

[EuroTrader]

A few simple indicators do help in trading but if you will complicate your trading chart with too many indicators, then you can have a serious problem in trading.

There are many Technical Indicators which are good and if we want to use them we can easily use them in our trading and earn some good profits also

 

[dianajs]

Right now I am trying to learn how to trade through pure price action and no indicators at all but I have to say it's still going pretty slowly. I need Moving Average at least.