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A set of these indicators can really help in finding more accurate market entries and confirming signals. For example, moving averages will help you identify a trend, and RSI and candlestick patterns will help you identify moments when a trend may weaken or reverse. This allows you to choose the...

In my opinion, every trader will have his own best strategy, created by him personally and completely understandable for him, tested and optimized in real trading conditions.

You are right. Such indicators reflect the mood of only those traders who trade with certain brokers (that is, not every broker keeps statistics and has the ability to create such an indicator). There is no such indicator for all brokers in the world. Therefore, this indicator cannot give a...

I think that it is better for a beginner to start his acquaintance with trading using not very volatile trading pairs, such as EURUSD. Also, many brokers have minimal spreads for this pair (for example, my broker has a spread of only 0.1-0.2), which makes it possible to earn even on small price...

Using too many indicators will not only interfere, but can even worsen your trading. After all, the readings of such indicators can contradict each other when searching for entry points into the market, so correct entries will often be missed, and losing trades can grow. Therefore, it is...

It is also important to be able to select pairs for trading according to your experience and skills. For example, I would not recommend a beginner to start trading with highly volatile pairs that move sharply and by a large number of points, which, if not planned correctly, can lead to...

When trading, I pay attention to the inverse correlation of such pairs as EURUSD and USDCHF. Very often, when one of these pairs grows, the other one falls at the same time and vice versa.

First of all, you need to have a good understanding of technical and fundamental analysis. In this case, your trades will be reasonable and balanced, subject to certain rules of your trading strategy. Also, do not forget about risk control when trading and be able to choose a reliable broker...

I prefer intraday trading, which allows you to earn even on small price movements and withdraw profits every day if you have successful trades. But for this you need a broker with favorable trading conditions for this type of trading, so I chose a company that provides minimal spreads, instant...

Yes, successful trading is impossible when you do not have the necessary skills, experience and practice. Therefore, you need to constantly learn and improve your trading strategy, be able to control risks and be emotionally prepared.

To understand which advisor will be useful to you and, most importantly, profitable, you need to personally test it on a demo account, understand its algorithm and be able to optimize it for trading for certain currency pairs. You also need to be able to understand its settings and be sure to...

In Forex, it is important not only to develop strategies correctly and understand their algorithms, but also to adhere to risk management principles. The use of stop losses, take profits, asset diversification and the correct risk-reward ratio are the most important components of algorithmic...

This indicator also lags and repaints like most forex indicators??

Also, the size of stop losses will depend on the volatility of a particular pair. For example, for EURUSD, due to its low volatility, stops can be much smaller than for XAUUSD, which has simply enormous volatility. At the same time, comparing these two currency pairs, they also differ in the...

It is also necessary to understand that most robots trade according to the readings of certain indicators, on the basis of which such bots are created. But many indicators often repaint and lag, so the quality of trading with such robots can be questionable. Therefore, it is really necessary to...

You also need to be able to stop in time, so you should determine for yourself after how many incorrect transactions you will definitely stop your trading. This will allow you to avoid greater losses and by analyzing your mistakes and finding their causes, you can gradually refine your strategy...

Yes, probably one of the main goals of a trader is stable earnings. But you need to understand that to achieve this goal you need a reliable trading strategy, the ability to control risks and be emotionally prepared.

It is better for you to start with a demo account and first see how support and resistance levels, trend lines and channels work. It is also important to choose non-volatile pairs for trading while you are a beginner, for example, you can use EURUSD, which is the most liquid pair with smoother...

The problem is that such sharp and strong movements on the news can break any signals from your strategy and the readings of any indicators. Therefore, I prefer not to risk the deposit on such uncontrolled movements and look for entries into the market when it calms down.

In addition to risk control, we must also be able to control our emotions, eliminating haste, greed and excitement from our trading. When a trader does not have self-control and discipline, no trading strategy will help him earn.