The Best Trading Indicator Is The Price

[moonchild]

I've been trading for a substantial amount of time now and I see this things over and over again, new indicators and indicator strategies with a lot of settings and promises of making you money, that's how traders get sold and the latest fad is EAs, everybody wants to automate their trading now and they keep on losing.

Trading indicators are never the answer to profitable trading, the best indicator is price, because that's what's happening, it's live and it's happening presently, but if you're using indicators, when a price moves, you have to wait for the indicator to process it and then give you feedback, these are things are programmed so they take in variables which is not dynamic.

When trading with indicators you'll have a lot of Fake outs and fake signals, you also waste your time trying to look for the perfect which don't exist.

But with a naked chart you get to make your own assertions and predictions while limiting your loss, when you hit a good a trend you can ride it for a long time limiting your loss.

I know as a beginner it's tempting to use indicators, it's a phase, but you can limit the time you waste on it.

 

[Holicent]

The best trading indicator is the price.
The price is the only thing that you can count on because it always moves in one direction and never back. You can make money out of this market, but only if you have a clear understanding of the market's movements and use them to your advantage.

The price is what makes trading so profitable, but it's also what makes it difficult to make money. If you don't understand how the price moves, then you'll have trouble making sense of what's going on in the market or predicting its future movements.

The problem with most indicators is that they don't take into account all of the information available to traders. They tend to focus only on one piece at a time and ignore other important pieces of information that could help determine where prices are heading next. Price action traders focus on trends and divergences in prices, not just isolated points on charts. They look for patterns that suggest upcoming reversals or reversals themselves.

 

[Jasz]

The best trading indicator is the price. It's simple, it's easy to understand and you can use it in any trading strategy. Trading indicators are very important in trading. They help you to make decisions about your trades and improve your trading results. But there are many types of indicators and each one has its own function and purpose. Most traders choose to use several different indicators at the same time to help them with their decision making process and improve the results of their trades. The most popular types of trading indicators include:

Moving averages – These are simple moving averages and they show you how fast or slow a particular currency is moving. You can use them as triggers for entry or exit points on a trade as well as when setting stops or targets on your trades.

Candlesticks – Candlesticks are very popular among traders because they provide more information than just price movements alone by showing both trend direction as well as strength.

Other Indicators – There are many other indicators out there that can be used in conjunction with candlesticks such as volume, MACD, RSI and Bollinger Bands which all provide additional information about what's going on within the market at any given time.

 

[FXOchartist]

Indicator in forex trading is only help tool, I see many traders looking holy grail trading using indicator or even expert advisors, but I see many from them fall in desperation. Should to realize there is no holy grail system and the like, forex trading need high patience and proper money management to survive in this market.

There are so many trading tool available in MT4 trading platform or TickTrader trading platform, but not mean we must use all indicator, we just need one or two or three indicator to analyze the market and making decision.

Using price action and candlestick patterna also as easy way to trade forex, risk management always needed although using the best indicator, remember the indicator can't create the price but indicator take data from the price. Trading using low spread broker like FXOpen gives more advantage because the spread could be negative on the pair like EURUSD, AUDUSD, etc.

 

[Jack Reacher]

Indicator is important for market analysis. To capture the market trend, you can use indicators. RSI, moving average and Bollinger bands seem to be good indicators. Eurotrader provides a reliable and smooth trading platform which includes more than 200 technical tools and free of technical errors.

 

[gmrcrypto]

RSI with MACD makes the best indicator combo to read the charts

 

[Asahi]

There is a mobile app for forex trading which is convenient for using. But traders better trade using laptop because market platform is easily comprehensible on the big screen or laptop interface. Eurotrader allows traders with both of these opportunities and their trading platform is free of all technical glitches.