In today forex faq, we have a question from one of our fellow traders asking the below question
pls, I need a buy sell indicator that will be reliable. all the indicator I have been using are all junks. the market will always go to the opposite direction.
When I am new to trading, I always believe that there is a buy sell indicator that can help me to make money from trading. After trading for years now, I know that all the buy sell indicators in the market are created by marketers who are trying to make money out of us traders.
My advice for you is to stop believing in such indicators. To make money from trading, you can do it simply with the existing indicators on your trading platform. You do not need to buy any special indicator at all.
You will need to pick the right combination of indicators and then fine tune them to improve your trading accuracy.
As for your problem of market always going in the opposite direction, it is not a matter of indicator, it is because you do not have a good strategy on hand.
You will need to either formulate your own strategy or learn from anyone you trust. To formulate your own strategy, you can take a look at my previous blog post below
If I were to recommend you some forex indicators to use, I will recommend that you try the MACD, 200 EMA and the Fibonacci as these are the indicators that I always use.
To shorten your leaarning curve, I will advice you to take up a forex course from anyone you trust as it will save you all the time that you need to back test your strategy.
If you have any question, do feel free to email me at [email protected]