Use of Indicators is fundamental to our ability to "Technically Analyse" the Forex Market, from which we then attempt to execute successful trades.
However, the general tendency is to over-complicate things by using too many indicators and patterns, and we think that, to be successful, a good trading method must consist of a bunch of complexity, but this is not true - keeping it SIMPLE is the key - so be sparing and more selective in our choice of indicators.
Using too many or the wrong indicators can be counter-productive, confusing and misleading.
With the right number and type of indicators and patterns (eg. a couple of "Lagging" indicators & a couple of "Leading" indicators), we are far more likely to make better trading decisions & to trade with discipline based on the Indicator's objective rules.
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