What Type Of Indicators Should You Use For Trading
Are those simple indicators like MACD or ADX useful for trading?Yes sure they are! MACD is the most reliable indicator ever seen! Is this right? Of COURSE IT’S NOT!! I’ve seen lot of forex articles on the net talking about the strength of these indicators like they were the key of success to the forex & stock market trading; I have even bought lot of useless trading systems ebooks where their trading strategies are based on indicators such as MACD and its famous histogram. In fact, when it comes to real trading, these indicators worth Nothing! I’m not writing this article to disappoint you but to clarify this issue to you and lead you to a good way of thinking in order to help you finding your profitable trading system. If you really want to trade and follow a profitable system, definitely you should not rely on those indicators. Somebody told me once; your system must be based on a combination of indicators like MACD. I said AHA! That sounds cool! I started my research and ended up by the same result. Most of the time those indicators generate false signals. The funny thing is that all the e-books I have seen had only elaborated the good signals and hide all the majority of the false signals. I can give you millions of examples where these indicators generate false signals. You will find out after following the signals of these indicators that you will be loosing your account in just few months! If you want to trade successfully you have to stay away from these indicators, these simple mathematical calculations are made only to confuse you and to make you loose your money. Trading successfully is not a matter of following a simple indicator like MACD or ADX or any other public ones. If those indicators are as good as some people pretend everybody will be trading now and making good money right? Finally, there is a very important thing I want you to keep in mind. If you want to check by yourself if those indicators are good or not, don’t backtest them! When you are reviewing old charts those indicators might look sometimes good but in fact they are not that’s why some traders say that MACD & ADX are slow because they give you signals after the market’s move. As stated earlier, this article is not written to disappoint you. I’m only trying to give you a valuable advice and lead you to the way where you can find your profitable trading system. Predicting the market should not be your goal! No one, I repeat no one knows how the market is going to react in the next session. Your goal consists of building a strategy away from predicting that protects your account by following a strick money management rules and gives you some profit at the end of the month. Tip of the month: Don’t waist your time finding out when the next trend will take place, just try to find out when the current trend is going to end. Visit www.MyExpertAdviser.com for more free advises and articles on Trading. I've been trading forex for over than four years, now I would like to share my experience with you. For more information on forex trading, visit www.myexpertadviser.com |
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