The worst thing you can have when trading is too many opinions, and that's exactly what you get when you use indicators. I look back at that now, and wonder how in the world could I even tell what I was looking at. It's like a severe moss of multiple trading disorder. It seems like the moment a new forex trader starts off his/her trading career, the first thing they do is just blast their charts with every single indicator that their charting platform carries.
In your ear, these indicators are saying "don't listen to the other one, I know which way the market is headed." The truth is none of them. The entire chart was nothing but lines, shapes, colors, graphs, oh my The day that you can trade forex without indicators is the day that you can finally say "I get it now " If there is one thing I have learned in my trading career, it's this.
What Happens When You Finally Start Trading Forex Without Indicators. You've got an MACD saying buy, you've got Stochastics saying sell, you've got moving averages saying buy, and you've got RSI saying sell. I know that's what I did when I first started trading. How could this not drive you completely nuts??. |