4 Effective Trading Indicators Every Trader Should Know

None of those beside EMA200 really work, that's just a myth.

Actually the stats behind 200ema are pretty bad as well. I have done extensive studies on these things and some indicators like RSI and Keltner channels do have defined trading edges. As ADAM Grimes shared in his book and his website, most moving averages combinations don't really have a real edge. ps: i have not yet read the article simply responding to your comment lol

All MA is rubbish at least for me, better learn snd zone, snr then trendline and candle pattern, you will find the differences

Everything works when you know how the problem does not occur with the chosen strategy or indicator, but with poor money management, so the basis for success is money management

The reason why indicators work only part of the time is because everyone can access them. It's not rocket science, if the masses have it, then none of them will work consistently when everyone is jumping in at the same places. You have to be able to read the markets from a candlestick standpoint, and even doing that, things don't always go the way you plan.

I look at trading like fishing - I have several lures that I use depending on the type of situation I am in. All my lures won't work all the time or in certain situations. Your particular instrument you use will not work everyday, some work in trending markets that won't work in choppy markets. When people can realize that they will be more patient and find what's working instead of jumping in on "THE SIGNAL" lol.

The market is a newspaper - its moved by news, by technicals, by fear. Learn to read candlesticks and you will do much better than with indicators. You only need candlesticks and a bollinger band. Look for the abnormal and learn when things are abnormal what is the candles telling you. Livetotrade! Right now I can't login to the site, but just wanted to get this out to you! I hope you all the best!

What traders need to know and work with, is that no "technical" indicator made can work to the desired effect (and I mean none at all) and there is a simple reason for that. The market is chaotic. Which is also to say the market is nonmonotonic (i.e. across the entire spectrum of market time), and this implies that so-called "technical" indicators are all completely out of phase with the markets they are intended to measure (as in always and as in all "technical" and indeed "fundamental" indicators). To really grasp what I am saying go to MT4 market watch and spend a little time observing the tick chart window. You will note that the market in fact works exactly as described by chaos mathematics ---------------> which says that the action of price is akin to the folding and stretching of the space to which it maps. This also helps you understand what is meant in chaos mathematics by sensitivity to initial conditions (the so-called butterfly effect), given that, at exponential rates of change small errors get multiplied at exponential speeds (making all indicators (including "fundamental" indicators daft slaves of asynchronous lag). Chaos theory and fractal geometry are not abstract sciences insofar as the markets are concerned. They are the exact sciences by which the markets run. The existence and reliance on the absurdities called "technical" analysis and "fundamental" analysis is a reflection of the profound ignorance pervasive across so-called market participants and it is totally inexplicable that in this day and age, rational persons continue to rely on such ignorant absurdities as well as on their tenebrific core (i.e, news, indicators, analysis, etc). I mean what is "technical" or "fundamental" about the archaic ideas professed by these voodoo based platforms no different than attempting to read the markets by the entrails of dead animals (Bulls and Bears)? Complete and utter rubbish (oh I know maths is tough and in this case esoteric but it is your best bet kids).

The Crow (-_-)

PS: What you need to keep in mind on observing the market watch window is to note that you are observing or witnessing a mathematical phenomenon that defines the market completely since you are observing subminute fluctuations that accumulate to become whatever time frame you can imagine bar after bar. In other words, there is no escaping the math -------> that is the market day in day out. Know the math to gain the solution or die trying to understand the markets by voodoo.

You can use all the indicaters you want. None of them will make you a profitable trader. If it was only that easy we would all be trading millionaers be now. If you want to distinguish yourself from the losing pack you need to work on your mindset and mental skills.

But depends critically on what you fed your mind with ----------> garbage in and garbage out. So the question is this, what do you feed your mind with and you are really giving advice here -----------> what have you personally fed your mind with? Tell us. And say it loud.

The Crow (_-_)