i would say its a very bad idea to trade without the indicators...
its ok that you can follow the trend ..but there are times .. if you dont manage your money properly ...u may lose the money as the trend may turn upside down ..
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i would say its a very bad idea to trade without the indicators...
its ok that you can follow the trend ..but there are times .. if you dont manage your money properly ...u may lose the money as the trend may turn upside down ..
I am unable to trade without indicator in Forex. I am always depends upon indicator in Forex trading. indicator facilitates me to understand market. I am in addition make use of simple information aside from the indicator. So i think indicator is the most important for all trader to trade in Forex.
It is very impossible to trade without using any indicator because indicator is the best friend to newbies as well as experts to maximize their profit . So i think in Forex trading the using of indicator is essential for all traders .
It i trading without Stop Loss that is called Naked trading strategy and not trading without indicators. also traders who do not have prior experience in these markets find it difficult to trade without indicators.
I think if you are without the use of indicators will be more difficult in the analysis of market movements as an indicator function helps in trading. maybe you can use some indicators as needed such as auto pivot etc.
Indicators are the great assistant of the Forex traders. They gives us many important signals by which we can understand the situation of current market. Though many trader can trade without indicators but, I can't make any successful trade without indicators.
I think the indicator is a tool to help us a lot to be able to find support and resistance levels known better market trends and it can also help us to make more money with a good strategy
i only use candle stick to guide me to know the price movement..and i do fundamental analysis and technical analysis so i can made a good Open Position,just to know.im trading just when there are high impact news that makes a good profit for me!!goodluck!thx.
yes we can trade without indicators in forex trading business but we have to read about the price action movement in forex trading business. if you complete reading about price action movement then you have to practice in demo account before using in real account.