Does using mt4 indicators help?

MoneyTec Forums Tools of the Trade Does using mt4 indicators help?

This topic contains 1 reply, has 2 voices, and was last updated by  miki123 9 hours, 48 minutes ago.

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  • #1600

    chalithuo
    Participant
    • 19

    When I first started trading, it was very hard to predict the market movements and entry and exit points. Placing orders was quite hard and making profits was actually by luck. Am sure most of you beginners know what am talking about.

    To make the matters worse, by that time as a beginner, understanding how to use the Mt4 indicators was quite hard since it was about the same time that I was learning to use them.

    But with time I got to learn the various mt4 indicators like moving average, Bollinger bands, Fibonacci, etc, which come with the Mt4 platform. There are also others in the internet which one can download and install in your mt4 trading platform.

    So far, I can confidently say that mt4 indicators are a game changer in trading. However, they only apply for the mt4 trading platform.

    Again, for you to profitably use the indicators, you have to first learn how to interpret the signals of the indicators. Once you learn the working of the indicator, then using it to trade will be is very easy. Also, using a combination of indicators help in confirming the signals produced before entering or exiting a trade.

    With mt4 indicators I find it very easy to identify the entry and exit points resulting to greater profits.

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    #1652

    miki123
    Participant
    • 8

    Actually, I don’t think you are meant to find things that easy just through indicators. It is just one half of the deal. If you want to succeed then you got to have balance way to how you approach things, it’s only then you will be able to move forward to doing the thing. I am using indicators to help myself, but I have good money management along with it which makes it easier for me to work out.

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