FOREX TRADING

Many people think that the answer to trading lies in using the right indicators. Some people will not agree but their actions will tell you so. Because the first question they always have is “What indicators do you use?”

For a long time, I was stuck in finding the right indicator as well. I thought that if there was an indicator I could just follow blindly, that would meant my success in daytrading.

There are such systems, but they’re not cheap. I don’t have that much of capital to start with.

Hence, I have to go the hard way to look for the ‘right’ indicators.

I’ve lost alot of money in trading before, and most of the time was due to the misuse of indicators.

How would you make use of indicators in your trading?

For most people, daytrading meant waiting for a trend to start, wait for the trend to confirm, and pulling the trigger.

When does your indicator come into play? Is it to tell you when the trend has started, confirmed, or give you a safe, low-risk point to enter?

By reading my question above, you would have already guessed it’s the last option that is correct. I will explain why.

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