This happens with newbies many times. When they come across some new strategy , put on their trust .And results in loss.
What you think about it ?
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This happens with newbies many times. When they come across some new strategy , put on their trust .And results in loss.
What you think about it ?
Price action is one of the simplest and effective method of trading that most technical traders negelect, learn them and see the diff.
I think that is the right result.An indicator will not alwasy help you win .It may help you win for a long term,but it will not let you win all the time.have you ever thought that if there exists an indicator can help traders win all the time,I think all traders will use it and profit constantly.There will no need for professtional trader in forex.So do not beleive an indicator completely,it may hurt you so harmly in the end.
Well i m afraid i dont agree with your opinion dude, indicators are our best friends in trading and we have to trust 100% on them. but the condition is to know how the indicators work and what are its pros and cons. Even the best and the most successful traders will fail if they trade without indicators or dont trust the indicators
If trust any indicator 100%, then big loss will come and you will not be able to recover. I do not see indicator that give 100% signal that is true. Always some defect in signal for some time of indicator. Trust indicator 50% and use the small risk when trading with indicator signal.
first, try it and gain profit, then try it again and gain more profit
several profits in a row will result in overconfidence
next, trade with more lots, it turn into a loss
still overconfidence, the trader increase tho lot, and becoming loss even more,
greed and fear are coming
looking for something to blame.... so it is the indicators takes the blame
next, try another strategy
agar hum 100% trust karte to e galat nehi hai.ledkin trading karte samay agar hum 100% result expect karte hai to e bilkul galat ha.keu k indicators to trend ka bareme warning deta hai ledkin accha traders 100% expected nehi karta ha.
as a beginner, it is reasonable when have to keep looking and looking for a strategy they think is good. whereas it was only going to spend time only. for each strategy would have advantages and disadvantages. better to focus on one strategy, so that it can generate profit.
if you trust in only one indicator, it may bring for you a great catastrophe. because trade on the depending on only one indicator is not good. forex trade is not depend on not only indicator it also depend on proper skill, news impact and fundamental analysis also.