Trading forex with indicators. Do they actually work?

[Sarah12]

Generally, placing indicators on charts help analyze markets and charts but do they really help or are they just a distraction?

 

[Enivid]

Indicators can definitely work in a sense that they provide analytical help. Providing precise trading signals is another matter completely. Even if some indicators do that, there is also a problem of interpreting and executing the said signals.

 

[masterjack]

Generally, placing indicators on charts help analyze markets and charts but do they really help or are they just a distraction?

yea placing an indicator in your mt4 chart helps lot, in the sense that indicator provides you with the trading signals, it tells you when to enter a trade and when not trade.

 

[Bosschick]

Indicators truly help but on the other side I personally think they make you lazy because they lull you to sleep in believing you don’t really need to do any work or learn anything besides how to read your “mechanical” indicators that will tell you what to do and when to do it

 

[Exness-Official]

Dear Bosschick,

In a way you are correct but actually indicators really helps you in case when market is too volatile. At that time indicators help you to suffer less losses.

 

[ambitionfx]

It depends on the indicatiors and how you utilize them. WIth approriate indicators, your trading performance could be improved through wiser decisions.

 

[Exness-Official]

Dear ambitionfx,

Your pint of view is correct, in order to use indicator you need to analyse your indicator and also you should use correct indicator for particular currency pair. Best indicator can help you to earn more profit.

 

[Ese11]

Dear ambitionfx,

Your pint of view is correct, in order to use indicator you need to analyse your indicator and also you should use correct indicator for particular currency pair. Best indicator can help you to earn more profit.

I used to think they don't work but now I share the same point with you and Ambitionfx

 

[Exness-Official]

Dear Ese11,

Thank you for sharing your thought, you may also visist our website to get more about daily market technical analytic, visit Exness Website.

 

[hanifx]

I am using trend line and Fibonacci retracement, its working good with my
I don't trust the other indicators so mush

 

[Valetax]

Generally, placing indicators on charts help analyze markets and charts but do they really help or are they just a distraction?

Indicators can definitely help—but only when used with purpose. They’re best seen as tools for confirmation, not decision-makers. For example, moving averages can show trend direction, RSI can highlight momentum shifts, and volume indicators can signal strength behind a move. But relying too heavily on them, or stacking too many at once, can lead to confusion and missed opportunities.

For most traders, the real value comes from price action first, with indicators acting as support. So they’re helpful—if kept simple and aligned with your strategy. Otherwise, yes, they can become more of a distraction than a guide.

 

[rmufti68]

Price action is the best to learn however since it takes time to learn so the traders can take help from the indicators till they fully understand using the price action.

 

[OscarR]

Indicators are tools, nothing more, nothing less. They can help, especially if you understand what you’re looking at and how to apply it within a strategy. Personally, I use a mix of moving averages and RSI but I don’t rely on them blindly. Markets aren’t predictable machines and no indicator is a magic wand.