Monday, February 7, 2011

Nial Fuller's article about indicators

The most recent article over at www.learntotradethemarket.com is about how trading with indicators can "destroy" your forex trading success. The article was really in-depth and even goes into explanation of how the Stochastic and MACD indicators are derived and this goes to further highlight the point that indicators are overly-complicated and unnecessary, while price action is simple and effective.

I think the article was very well written and really sheds some light onto exactly WHY indicators are bad, instead of just telling is they "area". The articles posted over at Nial's website make visiting the site worth it, so much free information in one place, it's a little bit overwhelming at first. But if you just take time and read a couple articles a day and watch a few videos a day, you will learn a lot in a short period of time. Very cool stuff.


http://www.learntotradethemarket.com/forex-articles/trading-with-indicators-destroys-forex-trading-success/

1 comment:

  1. There are many investors who want to learn about online forex trading. One of the reasons why currency trading is becoming increasingly popular among private investors is its convenience. It is easy to learn about forex trading.
    Forex

    ReplyDelete