Trading Without Indicators - Nothing Quite Like It
It appears that trading without indicators has become a lost art
form. If you have been day trading for a little while or are a seasoned
veteran, you know that there are more trading indicators than ever.
There are indicators now that basically just put the word "buy" or
"sell" on your trading chart to let you know when to open and close a
trade. The problem is does anybody actually know why you are buying or
selling at that point? It just seems like people are content to just
take their chances allowing a robot to make their trading decision for
them. What many people don't realize is, that many of these
indicators are just telling the trader what has already happened, hence
they are known as lagging indicators. The problem is that the markets
don't follow some kind of set plan. Just because something worked a few
times in the past doesn't mean that its going to continue to work. The
market is constantly evolving. The use of lagging indicators will never
account for that fact. Traders seem to be satisfied just taking their
chances with indicators such as MACD, stochastics, and moving averages.
To many traders, these indicators represent success and failure. Click here to go to part 2 of article.
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