Good trading with indicators in forex trading business requires a combination of strategies, skills and experience. To be successful, a trader should have a good understanding of technical analysis and the ability to interpret different indicators. Traders must also have a good understanding of the market, its trends and the economic factors that drive the market. It is also important to be able to recognize market sentiment, which can be identified through the use of sentiment indicators. A trader should also be able to use various technical tools, such as oscillators and moving averages, to identify market entry and exit points. Additionally, traders should be aware of the various types of orders and how to place them, as well as how to manage risk effectively. By understanding these key elements and using them in combination, traders can increase their chances of success and develop a profitable trading system.
