which trading indicators can you recommend? they are all lagging how they can have predictive power?
Demo account with real account experience
- Thread starter Kagisopeter
- Start date
Make use of leading indicators along with the lagging ones. The ones I commonly use are RSI and stochastic oscillator. Also experimenting with OBV on the side. For lagging indicators I find MACD and moving averages to be reliable. You need to use both for better results as one will give you a future probability and the other will confirm it with the current trend.
I have been using RSI and MACD crossover since my demo days. I think they are the best.
Just like demo accounts even the indicators are bloody useless. I like my charts clean. It is so much easier to read and infer the trend then. Best is to simply look at the price action and trade. Indicators are only meant to confuse, they never can reveal anything accurately, so why even bother with them in the first place
Perhaps for you, but not necessarily for all. Some traders can actually make very good estimations based on a combination of 2 indicators. Personally for me bollinger bands along with keltner has been working very well.
Demo accounts are said to be exact replicas of the live account. However, there will always be a difference in the market volatility due to different trading volumes in the real market.
I am still debating with myself which is better - using indicators or not!
Unbelievable! I actually created a demo account (with another email) after I have been live trading for almost 8 months. Being on these forums can lead you astray at times.. I thank myself and my recommenders that I didn’t create a demo account before I began trading and wasted a whole lot of time. So limited on options, just a glimpse of Autochartist:
There’s absolutely no comparison with live trading. No fun when you know this won’t hurt at all, am good with my feet outside the virtual environment.
There’s absolutely no comparison with live trading. No fun when you know this won’t hurt at all, am good with my feet outside the virtual environment.
You are so convinced about this, I’m not going to try and change your mindUnbelievable! I actually created a demo account (with another email) after I have been live trading for almost 8 months. Being on these forums can lead you astray at times.. I thank myself and my recommenders that I didn’t create a demo account before I began trading and wasted a whole lot of time. So limited on options, just a glimpse of Autochartist:
There’s absolutely no comparison with live trading. No fun when you know this won’t hurt at all, am good with my feet outside the virtual environment.
But just saying, learning skills of each trader are different. And not everyone can afford losing their money just to learn. No doubt money will be lost even after practice on a demo account but chances of minimising the loss are still there. It’s at least better than learning from YouTube.