Help me to read an indicator.

[Merlonchales]

MACD crossover is good for long entry or exit from a long position.
Do not use MACD to reverse a long position into a short position.
MACD mistakes sideways price action as a downtrend.

ohh there is so much rules. ok will take it easy and learning step by step.
are u reading books or just google everything as referances?

 

[Josephine]

hello! please help me, I am a newbie to trade and I am using a demo account but unfortunately that trade not helping me a t all even they provide a guide line but still I dont understand. when and how to trade.

Why they not helping? Probably should stop use their platform since they are not really good in providing customer support. Later when you’ve jumped to live trading and faced some issue there’s a possibility that they will do nothing to assist you.

 

[TheDawn]

OK If you say so

just my two cents FWIW

 

[Breadlooser]

hello! please help me, I am a newbie to trade and I am using a demo account but unfortunately that trade not helping me a t all even they provide a guide line but still I dont understand. when and how to trade.

what platform you are using? sometimes they are confusing just to scam you.

 

[russgal]

Why they not helping? Probably should stop use their platform since they are not really good in providing customer support. Later when you’ve jumped to live trading and faced some issue there’s a possibility that they will do nothing to assist you.

I agree. That’s why it is important to use regulated broker. At least they have proper guide line and education. Maybe you can use other broker. I'm using Lirunex, they have good customer support and their trading platform is user-friendly, easy for beginner.

 

[TrAndy2022]

hello! please help me, I am a newbie to trade and I am using a demo account but unfortunately that trade not helping me a t all even they provide a guide line but still I dont understand. when and how to trade.

Your best indicator is price itself. So watch how the prices move and learn from it. If you want to read something I would suggest Al Brooks and Douglas "Trading in the zone" as essential readings here. Second best indicator is volume, you can turn on VWAP indicator and learn how to interprete to make your own strategy. That is what could be said from a general perspective as your question is not specific at all.

 

[SunTrader]

Most every household has a hammer but not many occupants who can use it to build themselves another house.

Same with trading indicators. It is not the indicator that is at fault for not turning a profit.

 

[Merlonchales]

I agree. That’s why it is important to use regulated broker. At least they have proper guide line and education. Maybe you can use other broker. I'm using Lirunex, they have good customer support and their trading platform is user-friendly, easy for beginner.

hold on, lirunex? never know or heard about it.
sorry i just new and do they have any certificate tells that they are legit?
even most of my friends said in this industry must take a risk but not me.
because still new so need to aware at first.

 

[Merlonchales]

Your best indicator is price itself. So watch how the prices move and learn from it. If you want to read something I would suggest Al Brooks and Douglas "Trading in the zone" as essential readings here. Second best indicator is volume, you can turn on VWAP indicator and learn how to interprete to make your own strategy. That is what could be said from a general perspective as your question is not specific at all.

i see. will try to find to read and learn it.
thanks at least i have a referances before deeply into this industry.

 

[russgal]

hold on, lirunex? never know or heard about it.
sorry i just new and do they have any certificate tells that they are legit?
even most of my friends said in this industry must take a risk but not me.
because still new so need to aware at first.

no worries, it’s definitely legit because it’s regulated and authorised by CySEC. I will never use unregulated broker. If you’re not confidence, i’d suggest to start with small deposit after you’ve practice with their demo account. Minimum deposit is $25. It’s good opportunity if you open an account before 30 June, because they are offering gold reward by opening an account with them.