How do you trade the forex market without indicators?
Tuesday, April 7th, 2009 at
6:22 pm
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!
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.
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4 comments
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?
References :
Licensed Forex Trader
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.
References :
Hi,
I use personally long term signals. The result in my profit account is smashing.
I recommend you http://www.forex-signals-4u.com to get long term signals.
Hope the above helped.
References :
http://www.forex-signals-4u.com
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.
References :