How important the use of indicators in your trading?

[yogesh]

Indicators help us decide open or close trades, they simply give us information about market trend, or overbought or oversold zone, and we need to decide ourself how to act on that information.

[Metal000]

There are a lot of indicators in Forex market. Indicators are very useful for trading.Some indicators are giving right signal and some are giving wrong signal. Using too much indicators are harmful for trading in some cases because it creates confusion in traders mind. I use two indicators during trading.ADX,Relative strength index(RSI) ,Parabolic Sar ,MACD are some popular indicators.

[Chelsea91]

it is not of value at all in trading for me, because i don't depend on indicators only except in knowing the support and resistance levels
i don't like to depend on strategy composed of indicators only because they mostly give false or late signals and loss with them is more than profit

[yogesh]

Some time i think am i alone and am i different who hardly use any indicators for my trading needs, or are there many others who do so, still it is fact that i dont use indicators neither i need them, may be i am able to earn some profits without apply any indicators.

[natasha]

i think indicators play a very important role in forex trading and i believe that we should be having a good practice with different indicators and we should be very much focused and needs to be having a very a good technical strategy to be successful

[yogadavid]

possible for different people have different abilities in reading indicators for melkuan Treding analysis. but the difference is not a problem as long as you make a profit

[jawa]

indicators ki importance kafi ziada hoti hai kion ke in se humain trend ko samjhna asaan ho jata hai ye 100% sach nahi hoty itna be bhroosa nahi karna chahye bas ye hai ke 25% main kehta hun ke in pe bhroosa karain baqi apny analysis hony chaye

[sweetrevenge88]

Beginner traders need to use indicators in their trading because how would they be able to read and understand the condition of the market if they don't have anything to guide them? Forex trading is difficult enough and only technical indicators is easy to use in their trading.

[SlaiteR_95_]

• The use of indicators in forex trading can help traders to analyze and predict the likely direction of the next price movement.
• However, the use of indicators can also make traders more hesitant to act so wrong in taking decisions -- This generally occurs because traders are yet to know more about the characteristics or habits of the indicators he uses.

what your opinion about that?

Dear
*
I do not agree with the idea of relying on only one indicator

Must diversify

Like your analysis must be supported by analysis of others

Not to cheat, but to make sure

[Md. Mosharaf hossain]

I think indicators have the importance in trading. But we should not depend on it just. Indicators are really helpful in sometimes. It helps us to know the present market condition. I think we should be depended on the market analysement and on the real time news and information. We can use indicator with the concept of analysement and news. I think then it will be more useful to us.