Forex Technical Indicators
Indicators
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.