Learn how to switch gears and use different indicators for different market conditions. Indicators are a derivative of price. They simply indicate to you what has happened, not what will happen. So you’ll never be a profitable trader if you solely rely on trading indicators to make your decisions. This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as Rayner and has 329 followers.
Most traders will tell you to stay away from indicators. They give you reasons like: It lags the market It gives you late entries It can’t predict what the markets will do
Nope, those are excuses.
Want to know the real reason why traders lose money with indicators?
You got conned into the “indicators game”
Many traders don’t know how this game is supposed to be played.
They believe the answer lies in the “right” combination