Over the years, I’ve had a lot of people ask me what the best technical indicator to use in forex and crypto trading is. Manny beginners are confused and become overwhelmed with all the information that is available out there. My number 1 advise to these people is therefore to pick a single indicator or trading strategy, and then stick with it until you master it.
Jumping around and constantly switching trading strategies is the worst thing you can do, because it ensures that you never get the chance to fully master a single trading strategy.
As someone who’s been a full-time independent trader in both stocks and forex for quite some time now, I can honestly say that there is no such thing as a holy grail or perfect technical indicator in trading. However, some indicators are still better than others, depending on what market you trade in.
For forex and metals specifically, one custom-made indicator stands out to me as superior to the others I’ve tried. While other indicators work well in certain environments, markets always change. This means that the indicator or signal you have been using will stop being profitable unless the developer constantly updates it. Among the technical trading indicators I have experience with, the Fibo Quantum indicator is by far the most reliable I have ever tried.
I guess the main reason for why this particular indicator has worked so well for me in both trending and more choppy trading environments is that it is based on the logic behind fibonacci numbers, which is a series of numbers that we find again and again in nature.
Feel fry to try it out for yourself and I’d be happy to hear about your experience with it. Good luck on your trading journey!
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Hello traders! Let's dive into the intriguing world of indicators and discuss what could be considered the best indicator in trading. While there are countless indicators available, one that has caught my attention is the fbs broker review. Now, you might be wondering, is it really an indicator? Well, in a way, yes! The FBS Broker review provides valuable insights into the performance and reliability of a broker, which can greatly impact your trading success. It offers a comprehensive analysis of the broker's features, trading conditions, customer support, and regulatory compliance. By thoroughly reviewing and understanding a broker's reputation and credibility, you're equipping yourself with a powerful indicator that guides you towards making informed decisions. FBS Broker, in particular, has garnered positive reviews for its user-friendly platform, diverse range of trading instruments, competitive spreads, and efficient order execution. Their commitment to excellent customer support and regulatory compliance further adds to their credibility.
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