The More You use Indicators on chart, The More You may lose. Indicators are probably the most over used tool beginning traders rely upon in any market. Whether you can make money with them, or not, is the most discussed topic in Forex over all.
What does an indicator tell you?
Technical indicators are merely graphical aids which are generated through simple, or sometimes complicated arithmetic operations based on data that you already have access to. That is simply the information that is already there, in front of you, in every candlestick. There are many different indicators for you to choose from. How do you know what indicator to rely on?
What I am here to tell you is that there is only ONE thing that matters inside a chart. That is price number. Nothing else, nothing more. The Price, The way it moves, the way it reaches highs and lows is all there is to know about the market.
I'll Give you only 2 indicators. One for Price Action and Other is for Trade decision. Add them into chart and just follow the rules, Keep watching price action on Price Tag Number Lines!!
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