Easy to get carried away with indicators

So I discovered a pitfall of mine and that is wanting to learn and use all the indicators I have read about. Thus switching often wihtout grasping the essence of one or two indicators. So for now I have decided to stick to three indicators:
- candle stick formation (signals)
- moving averages
- stochastic movement indicator

I know this approach is better for learning but not sure I choosen the best indicators to start with. Feedback is appreciated.


  • RaidenRaiden Posts: 186 ✭✭
    Determine first what your style of trading is. Then what type of market you like to trade. Build a strategy around that and perfect it. You will learn more than jumping from one strategy to the next.
  • ehenderichsehenderichs Posts: 22
    Thx for the feedback. My trading style? That is a good one, did not come acros a lot information about trading style and what I found seemed related for forex trading. What do you mean by style of trading in binary options? Expire time(s)? Continuation? Reversal?
  • RaidenRaiden Posts: 186 ✭✭
    Yes - exactly.
  • lotzofbotzlotzofbotz Posts: 1,552 ✭✭✭✭
    edited June 2016
    Hi there,
    Sorry for disturb you by gmail text. I have read a lot of opinion about iq option from you on the internet. And i get a positive opinion in there. The point is, i trade binary option using iqoption too. But i always loss and never get a great tactic or strategy to win that trade. Can you help me to give the solution of that ?, maybe only the indicator that you have used or something like that.
    Thank you so much.
    God bless you.


    Response - If you need training with indicators the best bet is to try out BSB university. Real trading takes time to learn no overnight success. Even worse right now with the BREXIT on the board, that is causing turmoil in the market making trading for most to be challenging... Hope that helps!


  • BandylegBandyleg Posts: 8
    Only been playing at thi sa couple of weeks and even i knew that brexit would cause havock!! GBP -USD sky rockets then falls on its backside the day after the vote! I watched it happen lol
  • The_Geek_MHThe_Geek_MH Posts: 498 mod
    did you make any trades?
  • BandylegBandyleg Posts: 8
    edited July 2016
    Me?? Yep I made trades, I won a little and lost little more. This is the perks of practice accounts im no trader im only playing at this currently although I am 100 GBP up today, 1 close call one good call. That amount might not seem a lot but if you had seen my test account a week ago it may as well be million :)
  • Hello!

    Please, check these materials to improve your skills: our blog (https://blog.iqoption.com/en/) and our educational section (https://iqoption.com/en/tutorials). Also, you can always practice on your demo balance.

    If you have any questions about IQ Option, you can always contact our Support Team (https://iqoption.com/en/contacts). It is available 24/7!

    IQ Option Support Team
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