Use of indicators

Beginner Questions
1

Hello all

I am new in this business of Forex ,how ever I have been learning by my self ,am on DEMO ,so my question is do I really have to use indicators when I trade .because honesty they confuse me a lot ,I found it better if I am not using ,and I use shorter time frame M1&M5 ,thank you.

2

Hi mate
I’ve been trading for 7 years

here is my advice to you on indicators…

  1. do not feel pressured to use them.
    Look at it like this, when we drive cars we use indicators … right ?
    now… yes it’s because there are a lot of other people on the road and it’s for communication purposes
    but,
    imagine now that you are in the wil smith movie I AM LEGEND
    No one else is around
    you find an abandoned car that works with the key in it and a tank of fuel
    you drive the car
    you turn a corner
    WOULD YOU INDICATE ?
    or More importantly

IF YOU DIDN’T INDICATE , WOULD IT AFFECT YOUR ABILITY TO DRIVE THE CAR ?
ANSWER : Probably not… right ?

so Forex is the same
Indicators are good and they provide insight

then again, some are crap and useless

When we come into forex we are told to do 2 things

Learn to Draw support and resistance lines
Setup a Moving Average Indicator

well. YOU DON’T HAVE TO… really…

if you don’t feel comfortable, DON’T DO IT
if you are trading better without indi’s … great

THE POINT AND GOAL IS… TO MAKE MONEY
if you can be consistantly profitable without using indicators, i agree, don’t clutter your screen

but if you can’t, maybe you need to consider and indicator
in your case
TEST THINGS
IF IT FEELS BETTER WITHOUT OUT… TRY THAT WAY FIRST

3

Thanks my guy.because they don’t even convince me .I’ll stick to my way.cheers

4

IF IT WORKS… DO IT
be cool

5

They’re really used for confirmation in my opinion. It depends on the person

6

Very helpful response. Thanks for taking the time to respond to newbie questions! I’ve been seeing your responses here and I appreciate that you take the time to really elaborate on your responses.

It’s easy to ignore n00bs nowadays.

7

@justshell
that’s correct, they are, they are used as confluence because no 1 indicator is 100% Reliable we have to use several to confirm out theories and sentiments about the market.

but it does depend on the person.
if someone has the intuition to pick the market without indicators, i say, don’t use them, because less clutter on the scren is better

8

Well, if you are comfortable without the technical tools! Then
avoid them; focus on the fundamental and price action trading! All the best.