I think Indicators may seem to be of less value but they guide us in various ways, one indicator can't be relied on and so we need other indicators for confirmation ..
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I think Indicators may seem to be of less value but they guide us in various ways, one indicator can't be relied on and so we need other indicators for confirmation ..
what exactly do you understand by price action. i can assure you that even price action gurus like nial fuller even trade with the aid of moving averages which is an indicator.
well after i asked a successful trader he told me that: most of the indicators are just nonsense and they just follow the price but not viceversa, so they will not help you predict the next move of the price they just telling you about the previos moves of the price, about the (support and resistance) yeah they are so important and works good .
Of course we can trade without using indicators. Indicators make study of market trend, history of currency pair technical analysis a bit easier. A trader should have a basic knowledge of a few indicators so that they can prove helpful when needed.
Yes, it's doable. it's doable to exchange forex with simply the assistance of trends. however victimization indicators can facilitate additional to form profits. it'll facilitate US to see the proper time to enter the market so additional profits is earned . that's why tho' indicators don't seem to be should, it'll additional useful to use one.....................
Mybe that you can trade without yours indicators. If you want to trade without indicators you need to know about price actions, calculated a support the resistances levels, Fibonacci retracement, trend, channel, etc. In my MT4 there is no indicators !
The Indicators are important for analyze the resent markets a conditions. Than means with indicators we can understand the markets a trend. It is not possible to know the markets a trend fully br the indicators but we can can get a great concepted about the markets. So i think it is not possibles to trade without indicators !
The indicators are very helpfull ,they are as the Road lights are helping to drive a car safely, the indicators help you in choosing the right decision at the right time.But if you don't used any indicators especially at the beginning of your way in trading ,you are risk of losing your capital.
trading without indicator is fun, because we can play with candlestick or chart we have without any color. for make good without indicator is much learn about another strategy like candlestick and fundamental news.
I see that every trader have to use indicator for understanding the market trend other wise cannot find out a good trend of the markets, i used an indicators to detected a great trends and i am successfuly in this case.