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Can I make money with technical indicators in forex trading

{}Posted in2023/2/24 17:00:57 | 6Browse

Forex forexrebates cashback forexdicators are tools forexcashrebate helpers for investors, but many people make money thanks to technical indicators, lose money ForexrebateforExness blamed on technical indicators So, can you make money using technical indicators in forex trading? How to use technical indicators to make money when trading Forex? Forex technical indicators in the end is an angel or the devil?  A, technical indicators are tools and helpers for investors With the progress of technology and the popularization of computer applications, technical indicators in the modern foreign exchange market analysis occupies an increasingly important position and as a tool for analysis of technical indicators with the increased attention to its own functions are becoming more and more powerful how to look at the scientific, rational use of technical indicators for us to make money in the market has become an important issue that can not be ignored. In the MT4 trading platform, there are a large number of technical indicators, including: simple MA (moving average); MACD; RSI; BOLL; KDJ, etc. These technical indicators are designed to help investors discover the laws of the financial market movement, in practice, these technical indicators also play such a role, for example: MA can For example, MA can help investors to discover the average cost of the market, a set of MA crossover can provide basic buy and sell signals, multiple MA can reveal the market movement/state of play, etc. Therefore, technical indicators can play a very important role in helping investors to discover the laws of movement of the financial market, and greatly reduce the cost of investors to study the laws of the market, which is a very useful tool and helper. But the tools are just tools, the use of the magic, depending on how to use, how to use, how to use these tools to make money is actually determined by the investors own level of research for the mastery of the technical indicators of the use of the magic of investors, it is an angel, and for investors who have not mastered, too superstitious technical indicators will make it become a crime that should not be undertaken Second, technical indicators can help investors make money to MACD, for example, MACD (smoothed dissimilarity average indicator) is a trend tracking type of technical indicators, although it reflects some lag, but in the actual use of the most commonly used one from the design of the indicator or the specific practical application, are able to track the price development trend RSI (Relative Strength Index) is mainly from the price of the movement / action of the momentum to consider The KDJ (stochastic indicator) is a technical indicator that measures the spatial potential and gives us guidance on the future price movement. For investors who like to trade in trends, the MACD is a very useful tool for trend tracking, while for those who like to trade in the short term, the RSI (relative strength indicator) is a very useful tool for price tracking. For investors who like to trade short term, RSI and KDJ are very good timing signal tools Third, how to use simple technical indicators to make money In the selection and use of technical indicators, we should adhere to the principle of practicality and simplicity, while avoiding shortcomings through the combination of different indicators Any indicator is not perfect, there will inevitably be defects and shortcomings of the indicator itself! Such as the bluntness of the indicators (RSI; KDJ); indicators of lag (MA; MACD) and other phenomena if the specific application of the indicators do not know the advantages and disadvantages of the indicators themselves, will often occur by the indicators leading the nose phenomenon - technical analysis is a double-edged sword! Therefore, we can use a combination of different indicators to avoid the shortcomings. In the specific application, we recommend two combinations: one is the trend tracking indicators and kinetic indicators together (MACD + RSI), in order to better grasp the trend; the second is the combination of moving averages and spatial potential (MA + KDJ), in order to be able to predict the future price rise or Remember, only the combination of indicators can effectively resolve and disperse the specific operation because of the shortcomings of the indicators themselves and may appear in a variety of adverse symptoms This is the application of technical indicators to guide our actual combat must pay attention to the place, because any one technical indicator is not possible to completely interpret the market and complete knowledge of the market, so we need to be combined and three-dimensional use  Technical indicators are used by almost everyone, but the use of each person is not the same, so the most important thing is to continue to explore and summarize in practice, to find the most effective way to play the role of indicators when technical indicators help us to discover part of the laws of the market movement, and suggest the specific timing and price of buying and selling, technical indicators to help investors make money mission is complete.