Hello beautiful traders I'm new here

[Bane]

Hi. Because of how volatile and dynamic the forex market is, I don't believe any indicator can be perfect. There are times when a trend indicator predicts a bullish trend will continue, but the opposite occurs. Based on how well you can analyse the market, indicators are merely tools that can be helpful to you to a certain extent.

 

[skrimon]

How is your experience till now? Would yo like to mention any experience?

 

[khurramali]

my trading is going pretty well... been trading since 2015. Only became successful after I worked on my trading Phychology.

 

[Fxzombie]

Hi. Because of how volatile and dynamic the forex market is, I don't believe any indicator can be perfect. There are times when a trend indicator predicts a bullish trend will continue, but the opposite occurs. Based on how well you can analyse the market, indicators are merely tools that can be helpful to you to a certain extent.

Yes, no perfect indicator, however indicator is a helpful tool for traders in analyzing the market, another indicator could have a different function or sensitivity, in every decision still needs to be accompanied by a risk management plan.

 

[pippin]

Yes, no perfect indicator, however indicator is a helpful tool for traders in analyzing the market, another indicator could have a different function or sensitivity, in every decision still needs to be accompanied by a risk management plan.

What do you think about sentiment indicators is it worth to try or they encompass bias only of some public since gather statistics worldwide is basically impossible?

 

[Fxzombie]

What do you think about sentiment indicators is it worth to try or they encompass bias only of some public since gather statistics worldwide is basically impossible?

Indicators usually use historical data information and use certain formulas for market analysis. In my opinion, indicators cannot predict what the future will be like, past data is taken and then used to predict future possibilities.

 

[Fin_Trader]

What do you think about sentiment indicators is it worth to try or they encompass bias only of some public since gather statistics worldwide is basically impossible?

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 complete picture of the mood of all traders. Also, this indicator does not take into account the most important fundamental factors, such as changes in the economy, politics or events in world markets, which can dramatically change the market during the publication of such important news.

 

[Jason Libson]

Cam I get help from anyone, I need a powerful indicator for boom and crash only they have played with my head

It's understandable to feel frustrated with trading, but it's important to stay calm and focused. No single indicator guarantees success for Boom and Crash. Instead, focus on combining multiple tools—such as moving averages, RSI, and price action analysis—along with solid risk management strategies for better results in your trading.

 

[Jonathan Lee]

For Boom and Crash indices, it's important to use indicators that match their unique volatility and market patterns. Popular choices include the RSI (Relative Strength Index), Moving Averages, and Stochastic Oscillator. Combine them with risk management strategies and backtest to find what works best for your trading style.