Can we depend on indicators 100%?

[johan9900]

I want to ask from my senior members that can we depend on indicators 100%?
No doubt indicators are very important in forex field but we should not fully depend on these types of indicators. You notice that indicators work only in smooth makret conditions amd when high impact news or events occur all types of indicators get flopped so we should not be fully dependent on indicators we should also make a healthy analysis.
Wht you think?

[Jsmbugu]

Hello body. You're right indicators are important when you know how to use them and sometimes they just don't work. And today forex is a very known business and there are many traders. Some people who heard of forex they think they can make tons of money in short time so we find some people taking advantage of them by selling them some nosens indicators.
That's why we need to be careful when you use them.

[4xdev0]

There are several ways to use indicators depending on the particular strategy.
First of all, indicators could be used to get additional confirmation for your strategy based on other principles, such as price patterns. In this cased indicators would help trader to avoid most of false signals provided by his trading system.
At the same time, there are strategies based solely on indicators. The main advantage of such strategies is that they could be easily backtested and then automated (utilized as a strategy for EA).
Even discretional traders making decisions based mosly on fundamental analysis pay attention to indicators to understand the general situation. For example, the most popular indicators used by mid-term traders are various moving averages (such as SMA 200 which is quite often used by institutional investors).
Thus, indicators are important for all types of traders.

[Abricoska]

It is extremely difficult for a newcomer to the Forex currency market to navigate a large amount of financial information. A serious temptation is the use of assistant robots, or indicator microprograms, especially given the fact that many professionals recommend them. But for a better understanding of the market, gaining trading experience and independent work skills, according to practicing traders, non-indicator Forex trading strategies are more effective. But perhaps it can help you.

[ForexGuru5]

I want to ask from my senior members that can we depend on indicators 100%?
No doubt indicators are very important in forex field but we should not fully depend on these types of indicators. You notice that indicators work only in smooth makret conditions amd when high impact news or events occur all types of indicators get flopped so we should not be fully dependent on indicators we should also make a healthy analysis.
Wht you think?

Friend good afternoon i hope you are fine and doing well in your trading business dear i really like your analysis on indicators dear you are right indicators are very important in forex trading but we have to keep in mind that indicators have their own limitations and we can not trust indicators on all the situations in the market so we have to keep our risk limited so we can be successfully in this type of trading. friend i hope you are doing well in your trading have a great day.

[aronno]

No. It is not possible at all. Indicators can help us to understand the market positions. it can help us to identify the correct trend. But it never can identify the correct trend or positions. Indicators never the forecast of forex market's trend. it is the path of gone market sign. Market goes before and indicators goes after it. It can not understand the market for all times. And market never goes or moves according to any indicators directions. Though some times they can give us good advice but it is not for all times. Many times market goes to opposite of indicator's sign. So, we should take some information from the indicators but should depend on it 100% at all.

[Liaqat]

Hellow friends.
The WhiteHouse won't participate in the House Judiciary Committee impeachment hearing.
It will effect on gold.

[lovedollpalace]

You are new bie on forex. But I am also agreed with your question that is We should not fully depended on indicator because If we will fully on that then we will get only positive result, but its not a possible in forex.

[fxnewbie]

no i think we can't depend on indicator only, because in forex have 2 analysis first Fundamental and Technical .
if you depend on indicator 100% you can lose , because in forex market going up and down because have a news or Fundamental , political ,president speech ,Currency etc right.
so you must know to about Fundamental , like NFP ,inflation report , news interest rate ,and many more.
and the last you must have strategy , good money management to , so you can profit consistent in real account .
good luck