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How to overcome the weakness of technical analysis in General Forex Discussion_6825f0acc9f09

How to overcome the weakness of technical analysis

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Vernalta

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how to make a very good traditional for yourself
#211 - March 07, 2023, 03:13:29 AM

Dyandra

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between journaling and management must be balanced so that you can make it easy
#212 - March 08, 2023, 02:58:04 PM

Vernalta

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good management you should be able to accompany with the right
#213 - March 09, 2023, 03:55:19 PM

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How to overcome the weakness of technical analysis in General Forex Discussion_6803a6c52eb12
#214 - Today at 11:29:45 AM

Dyandra

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use special rules that you can make a safe journal
#214 - March 11, 2023, 10:50:34 AM

Vernalta

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for sure it does use management so that management helps us
#215 - March 12, 2023, 05:12:09 AM

Nettawa

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apply management properly so that what you are trying to achieve will be achieved
#216 - March 13, 2023, 04:13:09 AM

Vernalta

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I emphasize once again you must be able to use stop loss and take profit when opening positions.
#217 - March 14, 2023, 01:59:18 AM

Nettawa

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Technical analysis is indeed one of the main ingredients, but we still use management
#218 - March 15, 2023, 02:57:00 AM

fxVirtuoso7

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Here's my opinion for you, maybe it helps:)

  • Combine it with fundamental analysis, so you can have more data about market movements and you can get a better decision.
  • Don't just use single or few timeframes, use multiple timeframes. You can enter the "trap" and get false signals if you just use 1 or 2 timeframes haha.
  • Use multiple technical indicators also to validate your signals.

But, hdyt guys?



#219 - March 16, 2023, 05:10:06 AM

FibonacciJack87

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Quote from: fxVirtuoso7 on March 16, 2023, 05:10:06 AM
Here's my opinion for you, maybe it helps:)

  • Combine it with fundamental analysis, so you can have more data about market movements and you can get a better decision.
  • Don't just use single or few timeframes, use multiple timeframes. You can enter the "trap" and get false signals if you just use 1 or 2 timeframes haha.
  • Use multiple technical indicators also to validate your signals.

But, hdyt guys?
Agree with you bro, using multiple timeframes help me to maximize my technical analysis. Because, before I use multiple timeframes, I got false signals haha.
#220 - March 16, 2023, 09:22:53 AM

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#221 - Today at 11:29:45 AM

Vernalta

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the use of stop losses and take profits is the most important thing that you should display
#221 - March 16, 2023, 06:27:18 PM

Dyandra

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any use of it must be clear by using good management
#222 - March 17, 2023, 12:13:25 AM

Kardel Sharpeye

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To overcome the weaknesses of technical analysis in forex trading, it's important to also incorporate fundamental analysis, understand market psychology, use risk management strategies, and constantly update your knowledge and skills through education and practice.
#223 - March 17, 2023, 12:44:54 AM

kuhaku

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You can overcome the weakness of the stop loss by making a trading plan, because the technique cannot be 100 percent correct, but the trading plan will be able to overcome the weakness.
#224 - March 17, 2023, 01:36:37 AM

Kardel Sharpeye

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The key to overcoming the weakness of technical analysis in forex trading is to use it as part of a larger trading strategy. This includes incorporating fundamental analysis, risk management, and other trading tools such as automated trading algorithms. Fundamental analysis involves looking at the broader economic picture, while risk management involves setting risk limits and using stop losses. Automated trading algorithms can help minimize the human element and increase the accuracy of trading decisions. By utilizing a combination of these strategies, traders can make more informed decisions and improve their chances of successful trading.
#225 - March 17, 2023, 01:54:40 AM
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