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Trading Indicators-Too Much Is Not the Best Thing
#1
Big Grin 
There are literally a huge selection of technical indicators out there and thousands of technical indicators combinations that may be used. However the problem lies on the assumption. Since there are lots of complex indicators offered by your disposal, you risk yourself of getting an excessive amount of everything that may lead you with mastering nothing. This begs the question: can many technical indicators be used too by you?

Probably, you've asked the same problem also and are trying to find the Ultimate Goal of combinations that'll launch you to immortality, at least in the trading world. You could test many technical indicators or technical indicators combinations that are recommended by some writings on the internet. However the point is, there's no technological warning mixture that is 100% effective. Because if there is, everyone will be utilizing it and everyone will be rich today. Right?

I'm maybe not saying, however, that the internet can't give something to you you can use or the internet is really a virtual world full of garbage when it comes to information regarding trading signs. We can't deny that the web has given the ease to us of access on several technical indicators and maps, which have made some investors educated in the area and have can even make others real fortune. What I'm saying is that investors shouldn't count on recommended complex indication combinations and expect you'll achieve success. What you must do is always to learn around you can and identify which indicators are suited to your trading design, which in turn, can yield to higher income or positive curve in the long run.

You dont have to use a few indicators simultaneously, with that said. Authorities acknowledge this. Using several indicators at the same time will simply create confusion. It'll only produce inconsistent information, which can be not good if you want to own assurance in your decision.

An example is using 7 indicators when selecting your entry and exit opportunities. Four of them are telling a long position to be entered by you but 3 are showing the next downward movement. While majority of your signals are giving a green light, another 3 can be one factor. Research may be on your side to pursue the trade but you are more likely because the risks are still seen by you to abandon it.

It generally does not end there. Using multiple time frames can provide you with different contradictory information which can turn into a major element in your decision. For further information, people may gaze at: commercial rockwell trading. Much more likely, you wind up not dealing at all because you are afraid to take a position.

To be successful, you truly don't need to have several indications. This is quite interesting but the most reliable signals are the ones that have already been around the greatest. Experts suggest that you stay away from advanced set-ups and stay on the fundamental like MACD (Moving Average Convergence/Divergence), Rate of Change (ROC), Relative Strength Index (RSI), Price and Volume Oscillator, and stochastics.

Even with these cases, you have to recognize which symptoms are worthy of your trading style. Don't overcomplicate things. You dont need to constantly tryout new signs to be able to find a very good combination, to achieve success. All you need to do is to use and learn few and simple people..
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