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reg expensive swing trading indicators sold in market for nt8
Dear
i have a query that the expensive indicators made for nt8 platform eg swing trading indicator etc are they really leading else they are also lagging as usual.
I want to start my trading career using expensive indicators swing trading indicators for intraday ,i have seen lizardtraders indicators website they claim to be leading.
please can you advise that these breed of expensive indicators are they really leading and forecast the reversals at proper time along with market else they behave like lagging indicators which perform when market has moved to the next leg
thanks a lot.
Can you help answer these questions from other members on NexusFi?
From the amount of questions you have been asking recently suggests to me that you don't really have a direction. You appear to be looking for the holy grail of which none exists.
If I was in your position, I would take a step back and re-assess. You are going to need at 10,000 hours of market study or around 5 years to become a truly efficient trader and even then there are no guarantees you will be profitable. In addition to this you are going to have be capitalized to trade and then re-fund that account when you lose it all. And you will.
There are some threads/journals within FIO that are outstanding. So, begin your search there.
You are trying to be at the top of the mountain but you haven't even started climbing yet.
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- Trade what you see. Invest in what you believe -
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I totally agree with @JonnyBoy. You seem to be seeking almost randomly. I suggest you settle back, relax, learn a bit.
As to the indicator question: many successful traders never use indicators, and they don't need them for their particular trading style and method. Others make a lot of use of them. This is a matter of having a trading method that they are a piece of. The indicators you use, if any, are less important than the reason you use them for.
I use indicators because they "indicate" -- that is, show -- something about what the market is doing, and they can give you information that you can use to decide what to do now. If you use indicators to tell you what to do, flashing some special signal, I'm afraid you will lose your shirt. They can be a help, but you cannot rely on them to give you the "signal" that gives you a profit. You have to understand what they are measuring, and understand what to do if that changes.
The indicators I use are generally the standard ones that are included in almost all trading platforms, or some simple variation of those. No need to go looking for special, expensive ones. Expensive ones will simply cost you money, as a rule.
(The Lizard Trader indicators are good, by the way, and many traders do use them. They are not a magical guarantee, and nothing is.)
I suggest you do as @JonnyBoy advises: read a lot of the trade journals here on futures.io. You will find many techniques and methods, and some that are working well for the traders using them and some that they are struggling with. Sometimes the struggle can tell someone more than the successes.
Also, if you are going to learn to trade, you are going to have to actually trade. Start with simulated trading at first if you have to. Open a small account somewhere and trade very small positions in the micro futures. You will lose and you will win (initially, lose fairly consistently), so keep the money at risk very small.
Getting into it will do you more good than any amount of questions or their answers.
And good luck.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Fat Tails indies are indispensable to me especially his Squeeze indie when used in Market Analyzer, $100 for lifetime access is a great deal. Check out this Sum and Go article from fxstreet learning center, the section on system building is pretty good.