What piplucky says is correct, especially with judging the pairs daily avg. runnings, I've found that helps a lot. It's like checking to see how much milage a car will give you.
You really don't need any indicators. I can look at a chart and see where my stop loss is, entry and exit without any aid. It's a style though so you really have to find one that you are comfortable with. I've heard other peoples strategies and while they might be profitable (with indicators) and they swear by them and make a sustainable profit, I'm just not interested in them purely because it's not my style.
Find something that makes you comfortable and most of all a profit. Trading without indicators might not be for you. In my experience, I'd say give about 7 years (if counting from when you first started) then you'll be comfortable without indicators because you'd then know the price well enough.
When I first started forex I once read someone telling me it would take 5 years to just begin to breakeven and know the market better than I thought I did, I laughed but they were so right. Time went fast though.
You really don't need any indicators. I can look at a chart and see where my stop loss is, entry and exit without any aid. It's a style though so you really have to find one that you are comfortable with. I've heard other peoples strategies and while they might be profitable (with indicators) and they swear by them and make a sustainable profit, I'm just not interested in them purely because it's not my style.
Find something that makes you comfortable and most of all a profit. Trading without indicators might not be for you. In my experience, I'd say give about 7 years (if counting from when you first started) then you'll be comfortable without indicators because you'd then know the price well enough.
When I first started forex I once read someone telling me it would take 5 years to just begin to breakeven and know the market better than I thought I did, I laughed but they were so right. Time went fast though.
