Indicators

What can indicators do? What can indicators not do?

Part of any trader's success is their indicators. Every trader needs a good set of indicators, or strategies, to help him consistently take profits from the market. Your trading indicators are important foundation in your daily trading. A good system with rules, discipline and trading skills can produce good results. However, remember, indicators are simply tools.

Without knowing price action or different market conditions any trading tools can become useless. As we always teach “Indicators are only 10%, 90% is the trader”.

An architect, with a good set of tools, can make beautiful things because he has a plan, he has the skill to build, and he knows how to use his tools. However, these same tools do not make him an architect -- his skill and education make him an architect. Another example is if your handwriting is bad, you cannot blame the pen you are writing with. Instead you need to practice your handwriting skills. Every trader must know how, when and where to use the tools for his consistent success.

And when it comes to gaining experience, remember, "Rome was not built in a day, but years”.

MASTER TRADING SKILLS
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