Trading Forex Without Indicators
You don’t have to use indicators to be successful in trading. Yes, there are ways in which you can make profits from using indicators, but it’s not necessary to use indicators in trading.
A lot of successful traders around the world just look at the chart and they decide what they are going to do without using any indicator.
Sometimes indicators make things complicated and it’s better to start learning trading without using indicators from begnining.
Why should we make the trading that complicated? Have you tried to use simple techniques to make profits? Once you do and be successful, you will have more confidence in trading.
A technical trader usually spends time reading articles, learning about new systems, and sometimes spending money to buy some indicators that might help in trading.
Technical traders also learns through experience that it’s sometimes very difficult to trade with indicators.All the indicators are created from price data that comes from the market. The data comes in, and the indicator has an equation that converts this data to a line, a number, or any sort of thing depending on the indicator. But keep in mind that all indicators depend on price data. The indicators are meant to give you a hint about future movements in the market. All indicator-based systems are founded on the idea that presenting price data as an indicator is more comprehensible than looking at the raw data itself.
Indicators are very slow. The market moves up and down and the indicator takes time to give you the hint. For example, an indicator will tell you to sell after the market starts falling. They always lag behind the price data.
But if you trade without using indicators, you will have the advantage to enter a trade earlier than others and so you can make better profits and less risks because you would have a narrower stop loss than those who had entered late.
Remember that when you have tighter stop loss, this means you will make better money.
Try to trade without using indicators, and with the help of good money management and tight stops. You will have a great trading experience.
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