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using or not using indicators, which one is better? in General Forex Discussion_67f83ac065b44

using or not using indicators, which one is better?

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Vernalta

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using indicators if my choice because it is more regular
#571 - March 02, 2023, 01:37:29 AM

Kardel Sharpeye

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The decision to use indicators in forex trading is a personal one, and there is no one-size-fits-all answer. Some traders find that using indicators can provide valuable insights into market trends and potential trading opportunities, while others prefer to rely on price action and other technical analysis tools. Ultimately, the effectiveness of indicators depends on a variety of factors, including the trader's strategy, risk management approach, and trading style. While indicators can be helpful, it's important to avoid over-reliance and to use them in conjunction with other analysis tools to make informed trading decisions. The key is to find a balance that works for the individual trader and to continuously adapt and improve trading strategies over time.
#572 - March 03, 2023, 01:36:24 AM

tradergbp

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Sometimes using indicators is necessary when we haven't found the right moment, what we want
#573 - March 03, 2023, 01:44:00 AM

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#574 - Today at 02:57:29 PM

Vernalta

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It's up to you which one you want, the important thing is you can win and always be consistent every day.
#574 - March 04, 2023, 02:05:13 AM

Nettawa

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If I prefer to use indicators, the benefits are clearer.
#575 - March 04, 2023, 02:09:10 AM

Kardel Sharpeye

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Using indicators in forex trading can be beneficial for traders who are looking to improve their trading strategies. Indicators provide additional insight into the market and can help traders identify potential entry and exit points for their trades. Indicators can also help traders identify potential trend reversals and other market conditions that could affect their trading decisions. On the other hand, not using indicators can also be beneficial for traders who prefer to focus on the price action of the market. Price action traders rely on chart patterns and technical analysis to identify trading opportunities, without relying on indicators. Ultimately, the decision of whether or not to use indicators in forex trading should be based on the individual trader's trading style, experience level, and preferences.
#576 - March 04, 2023, 02:35:48 AM

Dyandra

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You can use a full range of indicators to produce something comfortable
#577 - March 05, 2023, 07:35:48 AM

Vernalta

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I just hope to use the best indicators
#578 - March 06, 2023, 04:19:30 AM

tradergbp

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It depends on the technique you use, but I prefer candle patterns, so so far I have been trading without using indicators
#579 - March 06, 2023, 11:38:23 PM

Nettawa

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using a count indicator is more precise because it uses an indicator
#580 - March 07, 2023, 12:27:12 AM

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#581 - Today at 02:57:29 PM

Vernalta

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I prefer if traders use indicators because they are more popular
#581 - March 08, 2023, 12:57:40 AM

Dyandra

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If I don't use indicators because I already want to get results with confirmation candles
#582 - March 09, 2023, 05:57:15 AM

Vernalta

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I only use indicators when I'm confused about where the market is going
#583 - March 09, 2023, 08:28:50 PM

kuhaku

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In my opinion both are good and what needs to be considered is how you practice on a demo account, if on a demo account you use Indicator then on a real account you also have to use indicators
#584 - March 09, 2023, 09:52:12 PM

Dyandra

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using that indicator is much better and more usable
#585 - March 10, 2023, 12:43:59 AM
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