Re: The Signal to Start Trading and the Signal to Close Trading
But this does not still mean trading is easy, the theoretical part can be easy but to make profit often may not be easy. You are right that using trading indicators is very important, I started to use Bollinger Band and Relative Strength Index and I make some profit, but my take profit is not that of a long range and I am cool with just the little profit I make. Some traders do not make use of trading indicators but just trade like they are gambling which makes them more vulnerable to losses.
Indicators are only for giving a general idea about the market movement and not for accurately predicting the movement. Moreover, technical analysis is a pseudo-science and is more or less correct in 50-50 cases because a lot of factors are involved here.What I prefer is the long term game for buying low and selling high. In between, just hold, dont look at the market prices and panic - get involved in some other stuff in life
When the market bounces back you have your chance again. But very little use of indicators would be needed for this. The major use of indicators is in day-trading and that too ends up being a gamble.
So if you want to stay with the advantage in your hands, better to stick to long term trading and use indicators will a bag of salt.