Easy to get carried away with indicators

ehenderichs

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.

Raiden

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.

ehenderichs

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?

Raiden

Yes - exactly.

lotzofbotz

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.

Randy


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!

http://www.binaryoptions.net/signals/blue-sky-binary-group-review/

https://www.youtube.com/watch?v=7H9Z4sn8csA

Bandyleg

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_MH

did you make any trades?

Bandyleg

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

IQ_Option_Support

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

Samuhn74

In fact, indicators are one of the most popular and popular ways to analyze the market, so it is obvious that without them it will be simply impossible to perform technical analysis. Another question is what to choose for your work are the indicators that you understand well and really understand how to use them in practice. So, you should not ask whether you have chosen the set of indicators well or not, the main thing is that it suits you and provides your freedom of action in the market. Besides, the choice of indicators depends on your strategy, there are indicators that better react to long-term signals, there are those that perfectly show entry points on short-term positions, in any case it is better to test them first on a demo and then use them on real capital...