Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.
But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD
[1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/It is all where you become comfortable and besides, it is not needed to have these trading indicators at your side as they can't be used all the time. What is important is that we are able to understand the trend, we are able to think of a way that we can generate profit than to lose, TA's, chart reading, I believe these are all enough when we come to trading, we just need to master it in order to improve our analysis.
If we are enjoyed what we are doing, the more chance to get what we wanted.
Totally agree. You can't be heading into a trade without knowing anything about it but simply invest because some one had made up some lies about it. I'm not saying this is always the case but sometimes this is indeed the case.
Before getting into any market either by trading or just long-term holding always do your own diligence. If something happens down the line you'll find it much easier to understand what went wrong so you can avoid it next time, this is impossible to do when you rely on others.