Trading systems and indicators are just tools.

[retnotriwulandari]

Trading systems and indicators are just tools
hello
i've been a trader since 6 months, and lately i realize something very important

i was a system hunter, i mean i hunt for trading systems in many forex forums, and try to find trading system that suit me, i got a lot of trading systems with very interesting good result

so i tried it one by one, i amazed how simple the explanation were, and how easy i implement those strategies

so i tried them one at a time, i expected good result, but no, the profit were very inconsistent, so i just change into another trading systems, but not so good result happened again and again

so i spend my time thinking, how could a system give good result to other but not to me, what did i do wrong? i followed the rules... after some time, i think i now know why

of course the trading systems is not to blame, it is me, i didn't understand what those systems were

trading systems is merely a tool, those systems that consist of indicators are nothing but tool to analyze the market easier, it is the trader that needs to understand what is the meaning of each indicators, and what is the meaning of system rules, so trader should understand why the trade went the way it were, into profit or loss, it is not the mistake of those systems or indicators, because it just calculate based on charts, so the one who is responsible is absolutely the trader, who decide what to do based on those calculation

so now i didn't use any trading systems i found to trade, i just use some to help me analyze how the market goes, and trade based on my own analysis, and it really feels better than old days

i hope the my fellow traders understand what i mean, good profit to all of us

Actually I think that in Forex trading is not as complicated as many people think. You do not need to try to find one by one indicator which is the most accurate way to provide price signals to you, because all indicators are 100% accurate, so I would encourage you to learn about and learn to memorize candlestick of understanding forms of the candlestick, or people refer to this as technical analysis.

[want2brich]

Indicators are very helpful for trading in the forex market, most of trader use them for trading here, we can know trend of this market with them, then we sell or buy and make profit. We should combine some of them to get more exact.

[hend]

indicator is definitely going to be late in delivering the signal, however, because it is true that only indicators follow the price movement that occurs. so the actual indicators are similar to the existing chart, just maybe different shapes. because it seems to me not too dependent on the indicators in the decision, as I'm sure would often have errors in predicting if it is too dependent on the indicator.

[arshad701]

So I just got done watching this, and I have some comments to make. It starts off with some popular advice on limiting risk and "watching your ass" above everything else, but he seems to trade based on fundamentals or vague technicals (in particular, Elliott Wave Theory) and never really discusses what he does to limit risk. Highly emotional, high stress, and entirely possible his success is pure luck. Another trader even mentions how they went bankrupt multiple times and had friends buy them back in....what kind of risk management can that possibly entail? If I've learned anything from this video it's what I don't want to do, but additionally it's also done a great job of showing how trading has changed with the internet age and how much easier it is to access the markets anymore.

[dani123]

indicator has the disadvantage of moving only to follow the price movement alone, so we are definitely much deceived if we only use indicators only. the reference indicator but we are not justified by analysis indicators.

[mcceducation]

i am strongly support you my dear friend, Before that you are just blindly following what another person wrote which usually results in losses. I never trade on the basis of what other people say if I don't understand why they say it. you cannot just blindly follow a system without understanding how and why it works. You need to know what is the best time to enter a trade, what losses to take and how will it all work. Only then can you adjust the strategy to your time, funds and preferences. so need to good understanding the market.

[ardi_anduk]

yes dealing plan and signal are just like a resources which allows you to enhance your dealing wwith appropriate way but you can doing your business with out using any dealing startagy and signal but for this you have take an professional investor guidance

handles and the same signal as the resources that allow you to improve the way you deal wwith the right, but you can do your business with out using startagy handling and signal what matters is the basis of this knowledge dikarekan of all levels of professional knowledge in it all stems from the basic then keep learning

---------- Post added 12-12-2012 at 07:36 AM ---------- Previous post was 12-11-2012 at 09:32 AM ----------

I agree with you all the success are the fruit of a good job,as I see it was 6 months experiance this is not something simple because I'm sure it was well known and the Principles parameters of Forex and still trying to remove their capital after having this Cycle so it's very good thing that may of us can get there.

indeed before we jump on a plane or a business we have to study the risks and losses that we will face, if we prepare ourselves to deal with the things and the worst that we will encounter later diperjalanan least we can do in preparation for these things mengatsoi , for good if everyone would be meneriam Amen to things that are not good we need preparation

[HaQi]

yes you're right. there isn't any indicators that may signal forever right. and you may perceive them higher when you're already used your articles. a trader need to watch the market terribly shut. and have now to know the angle on your market. like how will it act once news unharness and market openings. and likewise when is that the wrong signals return and the moment are classified as the signals mostly work. therefore a trader will learn this not direct from charts however primarily based on his own expertise and studies.

---------- Post added at 11:30 PM ---------- Previous post was at 11:28 PM ----------

yes you can right. there's hardly any indicators which will signal invariably right. and you will certainly perceive them higher once you are already used to firmly them. a trader have to firmly watch the market terribly shut. in the past have to firmly perceive the perspective on your market. like how will it act once news unharness and market openings. and likewise when is the incorrect signals come back and once will be the signals mostly work. thus a trader will learn this not coming from the charts other then primarily based on his own expertise and studies.

[natasha55]

I think it's just one of the journey to be added in your trading experiences.
For many newbies like myself, I am just like you when you first started out in this field.
I find those somehow quite useful.

I at least get some starting point work on with those trading strategy.
Like how to use indicator and where to entry and where to get out.
It's really difficult to start on our own without any help.

[dareking]

In order to always be on the safer side in forex currency trading, we should try our best to find a strategy on our own and then try and utilize it our trades to avoid confusions from using other peoples analysis.

ye baat bilkul sahi hai, kafi trader ki aisi strategy hoti hai, jo kafi jayda confuse wali hoti hai, aur better ye hi hota hai, ki hume aise traders ki strategy kabhi nahi follow karni chahiye, jismein humari trade ko jayda risk ho.