Thursday, 16 February 2017

Top 11 Trading Forex Mistakes - 6 of 11

Too many indicators

There are various thoughts on this, some traders swear they don’t use or need them. Others will have a screen full of indicators. If you are using them probably 1 or 2 will suffice.
You tend to have a main indicator, say a moving average and a confirmation indicator, say an oscillator.
Having to many will just add to the clutter and overall noise and worse, may be showing effectively the same result which you take to be more confirmation.

Emoticon Emoticon