Recent content by ArnavDeshmukh

If you trade without any knowledge and experience, then yes, it is like gambling. But if you have tested the market and gained some experience, you'll know that you can expect some sort of control on the outcome of your trades.

Yeah but it really comes down to figuring out which decision makes the most sense for your strategy and backtesting. Indicators just make it easier to confirm your analysis.

Gold’s value tends to rise slowly but reliably over years. If you're looking for a reliable investment, the gold is what you should go for.

You can't be sure of anything when it comes to trading. The market can surprise you with all sorts of thing. all you can do is to figure out which possibility could be more probable.

Also emotional trading. Many let their fear or greed override their plan and destroy consistency.

Trading based on indicators doesn't lead you to profit. Trading is multidimensional, indicators play their own part. There are news events that can change everything and not care about the technical analysis we had been using.

That way focusing on the target timeframe is advised. But if you want to know to what's the deal with a chart, look at the larger timeframes.

Good luck with that

One tip I always give in this case is that it is always better to look at the bigger picture. So if I am trading on 4 hour chart, I will also check the daily chart for finding the more valid support and resistance line.

Neither have I, but I disagree with using EAs all together! Making money isn't that easy!

I completely agree. price action + market structure is such a powerful combination, especially when paired with disciplined risk management.

They testify if your analysis had been right or wrong. Take RSI for example, you can always check it to see the strength of a current trend. You can use that knowledge to make a better decision.

Exactly. I also wouldn't recommend exotic pair. I'd prefer to go about it as risk-free as possible.

Good for you! Practice does make perfect.

What works for me best is do my own analysis on the chart and then check it with an indicator.