Topic: Can any one suggest best indicator for trading? - page 2. (Read 495 times)
At the end of the day, you have to find a winning strategy. An indicator is a tool, it does not guarantee profits. Let's always keep in mind, it is extremely difficult to beat the market.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. there would always a chance for those to miss out or not would really be accurate and you should be aware with that and also price action isnt something
that can be handled by someone who had just been recently learning on the market. Go with the basic first where you should know at least on where
those supports and possible resistances are and make out position and never forget to set some stop loss and take profit when its necessary.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. 
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I'm not going to give you certain steps to help in this trading business as there aren't any set steps towards trading success. Generally, though, following what's happening with BTC is a good start because BTC market sets the scene for the rest of alts. Above this is knowledge, you must have the right market knowledge to trade without it you're lost. Practice a few trades and then see what you're lacking, then search for the relevant knowledge apply it and attempt to improve. Failure is the road to success!
It is important to never forget that is no amount of indicators that can tell you exactly what to do and it can be argued that using too many indicators goes against your best interests as too much information will obscure the most important indicator of all which is the price itself.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I would recommend first understand the basics of trading and watch some tutorials and do some trading courses.
This way you will get a better understanding and you will be able to perform well by using the indicators.
Most of the times the 3 main indicators used by many traders are RSI, EMA and MACD.
If you master these then you don't have to worry about any other indicators and you will be able to analyze the market better.
in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
Yes, This is the most basic and effective indicator for newbie since there's only 2 signal MACD can produce while RSI verify it. The only problem on using indicators in general was determining the right time frame for the trading tempo of each trader since indicators give different signals on every timeframe so newbie should be cautious about this detail.
I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.
If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Getting suggested indicators wouldn't stop you from blowing down your account if you are planning on depending of them as entry triggers and trend confirmations. I suggest you spend time learning price action and candle stick formation first when you have mastered this you can then move on to study indicators. Remember back testing is very Paramount if not you would never record success throughout your trading carrier 
I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.
If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.
in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)
and also those telegram groups is a BS place to believe so get rid of those.
The choose of what trading indicators depend on us as a trader. We can have them all if we want but the question if that really needed for our trades or they are just making us lose. Some say this one is effective, well, maybe it works for them but might not for us...
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)
and also those telegram groups is a BS place to believe so get rid of those.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
Plus OP is new in trading during a bearish situation which the market might just be waiting to go crash more. I believe we should support each other in the forum to make our fellow plebs make the right decisions. Discourage all the newbies from day-trading, swing-trading, and any kind of short term trading.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD [1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/
If we are enjoyed what we are doing, the more chance to get what we wanted.
Before getting into any market either by trading or just long-term holding always do your own diligence. If something happens down the line you'll find it much easier to understand what went wrong so you can avoid it next time, this is impossible to do when you rely on others.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
I think that there is no such indicator, because to give it a good indicator you must have the style of trader that you are, if you are a scalping trader, a medium-term trader or a long-term trader, even for investors the strategies are totally different.
In this case, I am not an indicator trader, I like fundamental analysis much more and then combine it with technical analysis to be more complete, in fact there is a model that is widely accepted that is not an idicator, but for now it is. It works as an indicator and is the PlanB S2F model, it is widely accepted by many traders and investors, because it has great information of a relevant technical and fundamental level, if we start to see according to this model BTC will soon reach the sum of $ 100 k and his next target will be for $288k.
In this case, I am not an indicator trader, I like fundamental analysis much more and then combine it with technical analysis to be more complete, in fact there is a model that is widely accepted that is not an idicator, but for now it is. It works as an indicator and is the PlanB S2F model, it is widely accepted by many traders and investors, because it has great information of a relevant technical and fundamental level, if we start to see according to this model BTC will soon reach the sum of $ 100 k and his next target will be for $288k.
Price and your gut feeling 
Haha.
OP, serious suggestion. An indicator to check for Bitcoin is to go to weekly chart and use the 200-week moving average. Use SMA/EMA/WMA, does not matter. Bitcoin has touched, or went below that, but it was never stayed below that for a long time. Always buy Bitcoin near that line.
Price and your gut feeling
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