Re: any good youtubers that can explain more then google for mod. skilled trader?
⭐ Merited by Bitcoin_Arena (1)
Thanks guys this gives me a jumping off point
What do you think of using:
bollinger bands
awesome oscillator
Like all other indicators, they are not 100% accurate. So along with the indicators, you should employ some risk management techniques so that if a trade goes wrong, you don't eat up all your previously made profits or blow up the account.What do you think of using:
bollinger bands
awesome oscillator
Like what he said, no indicator is 100% accurate. No indicator is a "magic" indicator where if you use it, your winnings would guaranteed. A set of indicators would help you that's why professional traders always use the word "CONFLUENCES" with an "S" because in order to confirm if it's a good entry or not, you need more than 1 indicator or confirmation before entering. Risk management is a must when it comes to trading but most importantly, psychology is also a big help as well.
I haven't yet seen one indicator that gives 100% win rate after so many trades, especially on lower time frames.
Lower time frame = more noise.Lower time frame = more fake out
Lower time frame = more false breakouts.
These are the reasons why I prefer trading using a higher time frame because for most, higher time frame confirmation = higher chances of it to happen. Higher time frame has more weight compared to those lower time frames.