One can surely go with RSI and MA. They can help traders in knowing the latest trend and then they can trade accordingly.
In order to catch a trend earlier, I usually search for markets that have below average day ranges over a five-day period and have spent above average time at price. I don’t use any particular indicator for it. I just keep using the indicator I have already been using and do as is required.
I agree. One should try atleast more than one or two indicators to have a clear analysis of the trading market.
Agree! Well, I use MA on a monthly chart with 24 or higher periods to analyze my long-term investments.
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Yes. This can be done by also making sure that you are not getting confused because this can lead you to trade at the wrong place and then you might incur loss. Just have a good knowledge and understanding of how to do it and what all profits you can get through it. I used to get confused when I was with a different broker and was facing losses more often. I just made up my mind and shifted to Turnkeyforex, and because it was easy to understand and gave a clear view, I was able to at least cover my losses. And then I tried with ETrade too. Both turned out good for me.
If I didn’t have much knowledge, I myself would have got confused.
Hey! I follow a technique that works fine. So, when the price time exceeds the norm, a trend or an above average vertical move takes place quite frequently. Your aim here should be to catch this trend early by searching for the markets that have below average day ranges over a period of 5 days.