Jesse R asked:
Is there anyway to trade the forex market without any indicators. I have used all indicators, and they have brought my total disappointment, even with money management.Please help!
Is there anyway to trade the forex market without any indicators. I have used all indicators, and they have brought my total disappointment, even with money management.Please help!
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financing_loans says:
August 12, 2008 at 1:09 am (UTC -4)
Go short on the US dollar until the war is over. Then buy because the dollar will come back.
Oh crap is that an indicator?
Scruffy Scirocco says:
August 14, 2008 at 5:37 pm (UTC -4)
The problem with indicators is that they look good on paper but a blind backtest shows that they are just as much of a crapshoot as anything else. You need to spot a trend, get on it, and know when to get off.
Research the Guppy Multiple Moving Average. Just google it. This is the best trend analysis tool I have ever come across. Revolutionized my trading.
forex-signals-4u.com says:
August 17, 2008 at 2:28 am (UTC -4)
Hi,
I use personally long term signals. The result in my profit account is smashing.
I recommend you to get long term signals.
Hope the above helped.
Livermore says:
August 18, 2008 at 8:29 am (UTC -4)
The most important indicator in Forex is the price. Specially if you’re trading on the short term.
On the long term fundamentals take an important role. So if you don’t want to use indicators, you don’t have to use them.
Money management is the most important part of trading. Even if you consider yourself good at money management, remember you can always get better.