Just to inspire you
Friday 30 December 2016
Thursday 29 December 2016
Indicator just give you indication
When i was in high school, i have been traveling to Bali from my home town in Mataram. Mataram is a city in Lombok Island. Lombok Island is famous because of The Senggigi Beach and The Gili Trawangan Island. I traveling to Bali using my Old Dad motorcycle. It still has fuel indicator, but i cant use it anymore. So to check the fuel I need to open the seat. Friend of mine, using a brand new motorcycle from Honda, it was called Honda Karisma (in Indonesia). He tell me that his motorcycle was full with fuel by pointing to the fuel indicator.
That how was fuel indicator work. It's tell us that we still have enough fuel if the indicator pointing to the letter F (full).
In forex trading, indicator help us to get better feeling about what happen in the market. Is the market rising up, go down or move side away. There is a lot of forex indicator available in the internet, books or other source like Moving Average, MACD (Moving Average Convergence Divergence), Stochastic and other indicators.
Like the other newbie, who learn how to trade forex, they will search a lot of indicator, try it, then fail. Try to find another one, try it, then fail. Find another one, try it, fail again. They combine it, try it, but still fail. This is my experience and may you face it to.
Then i realize, INDICATOR JUST INDICATOR, it give you INDICATION no more than that. You don't have to find a perfect indicator, a world class indicator. What you have to do is to chose an indicator that best suited with you. I recomend you to use maximal 2 indicators. One indicator in the main chart, for this moving average is my favourite. The second one outside the chart, i love MACD, it simple and easy to use.
Having and indicator in your chart, doesn't guarantee your success in forex trading. Once again, indicator just give you indication. When trader buy and sell the currency, the PRICE ACTION CAN TELL YOU. If you can master how to combine indicator and price action to take action into a trade, you will know when other trader (specially big trader or big boss) enter the market.
Enjoy your trade!!
In forex trading, indicator help us to get better feeling about what happen in the market. Is the market rising up, go down or move side away. There is a lot of forex indicator available in the internet, books or other source like Moving Average, MACD (Moving Average Convergence Divergence), Stochastic and other indicators.
Like the other newbie, who learn how to trade forex, they will search a lot of indicator, try it, then fail. Try to find another one, try it, then fail. Find another one, try it, fail again. They combine it, try it, but still fail. This is my experience and may you face it to.
Then i realize, INDICATOR JUST INDICATOR, it give you INDICATION no more than that. You don't have to find a perfect indicator, a world class indicator. What you have to do is to chose an indicator that best suited with you. I recomend you to use maximal 2 indicators. One indicator in the main chart, for this moving average is my favourite. The second one outside the chart, i love MACD, it simple and easy to use.
Having and indicator in your chart, doesn't guarantee your success in forex trading. Once again, indicator just give you indication. When trader buy and sell the currency, the PRICE ACTION CAN TELL YOU. If you can master how to combine indicator and price action to take action into a trade, you will know when other trader (specially big trader or big boss) enter the market.
Enjoy your trade!!
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