Are technical indicators just a way to make trading feel scientific and factual?

[Imogen Beaumont]

Are indicators really helping, or just giving us a false sense of control? Most indicators lag behind price, yet many traders rely on them heavily. What do you think?

 

[Mdraghib]

Absolutely very good question! In my opinion, indicators are very helpful when trading forex or any other type of trading, like stock or gold trading. They help us analyze the market and make more informed decisions.

That said, it’s also true that most indicators are lagging, meaning they reflect past price movements rather than predict future ones. This is why relying on them too heavily can sometimes create a false sense of control, especially for new traders.

Indicators work best when used as supporting tools, not the sole basis for a trade. They can help confirm trends, identify potential entry or exit points, and assist in managing risk. But to be truly effective, they should be combined with price action analysis, market structure, and a good understanding of market fundamentals.

 

[Imogen Beaumont]

Absolutely very good question! In my opinion, indicators are very helpful when trading forex or any other type of trading, like stock or gold trading. They help us analyze the market and make more informed decisions.

That said, it’s also true that most indicators are lagging, meaning they reflect past price movements rather than predict future ones. This is why relying on them too heavily can sometimes create a false sense of control, especially for new traders.

Indicators work best when used as supporting tools, not the sole basis for a trade. They can help confirm trends, identify potential entry or exit points, and assist in managing risk. But to be truly effective, they should be combined with price action analysis, market structure, and a good understanding of market fundamentals.

I get that indicators can help, but since they’re always lagging, they often just confirm what’s already happened. That can give a false sense of confidence if you rely on them too much.

 

[TradeWizards]

Are indicators really helping, or just giving us a false sense of control? Most indicators lag behind price, yet many traders rely on them heavily. What do you think?

Indicators are very useful when trading Forex, currencies or gold. They help us analyze the market and make more informed decisions. But they are not the whole story.

That is why relying too much on them can sometimes create a false sense of control.

First you need to understand that you are trading in a world of possibilities and no indicator or support or resistance is absolute. However, if you have a pattern for entering and managing positions, you can be successful.

I personally use indicators in Expert Advisors and they give excellent results.
Note that excellent, not absolute.