Good New to all Forex Traders Here.

[Forex247]

Originally Posted by Sofia

not over dependence dear. Indications are important part and cant be avoided in forex trading.

They do not need to be used at all. This is a misconception. There are a few methods of trading that would still allow a Forex trader to be successful without any indicators whatsoever.

[Pinalli]

Originally Posted by Forex247

They do not need to be used at all. This is a misconception. There are a few methods of trading that would still allow a Forex trader to be successful without any indicators whatsoever.

Is it! then what do you use? please explain your methods here...

[Forex247]

Originally Posted by Pinalli

Is it! then what do you use? please explain your methods here...

Yes, the fact is that there are some great indicators out there no doubt, however they are based on PAST data which means they are always lagging. By the time they give you a divergence or signal and the trade is entered it is probably too late anyways. It's far better to trade knowing what is going to happen in the FUTURE. So to answer your question this is how I trade, by predicting what will happen in the future. And this can be done based solely on mathematics. Here are some other successful methods in Forex trading that do not require indicators:

Candlestick patterns(doji,hammer,etc...), Chart patterns(head and shoulders,triangles,etc...), pivot points, breakouts, trend lines, support and resistance. Hope this answered your question.

[Pinalli]

Originally Posted by Forex247

Yes, the fact is that there are some great indicators out there no doubt, however they are based on PAST data which means they are always lagging. By the time they give you a divergence or signal and the trade is entered it is probably too late anyways. It's far better to trade knowing what is going to happen in the FUTURE. So to answer your question this is how I trade, by predicting what will happen in the future. And this can be done based solely on mathematics. Here are some other successful methods in Forex trading that do not require indicators:

Candlestick patterns(doji,hammer,etc...), Chart patterns(head and shoulders,triangles,etc...), pivot points, breakouts, trend lines, support and resistance. Hope this answered your question.

Thanks friend for clearing out. Well, what are the leading indicators that you are using?

[maximizeyou]

Indicators or not, there is absolutely no way to "predict" this market. When you think you can do that, that's when you lose your money--usually in a big way. It's okay to listen to what other traders have to say, but don't fall for everything you hear or read. As traders, we must have a set of guidelines / rules we know will keep us in check. Otherwise we are just gambling and that's no way to make a living.

[Pinalli]

Originally Posted by maximizeyou

Indicators or not, there is absolutely no way to "predict" this market. When you think you can do that, that's when you lose your money--usually in a big way. It's okay to listen to what other traders have to say, but don't fall for everything you hear or read. As traders, we must have a set of guidelines / rules we know will keep us in check. Otherwise we are just gambling and that's no way to make a living.

Nice advice maximizeyou. I think newbies should make use of their own brain and decide what is right and what is wrong for them.