Best indicator for beginners to minimize losses. (Best indicators for beginners, to minimi)
Hello to all traders,
We know that as beginners, we often get into complicated situations when looking at charts, so that hopes of profit turn into losses. To do this, I recommend that you follow the instructions of a few important indicators rather than relying on your own intuition.
I recommend you to use the following indicators:
1. Awesome
2. Fibonacci sequence in the form of moving averages
3. Daily Pivot and S/R
The time frame is 1 hour, the stop loss is 30 pips and the target is 30 to 70 pips. Please avoid setting very large daily goals, such as 100 points or more, as this can be a dangerous trap. I recommend you use EUR/USD or USD/CHF as they are both more stable.
You must also identify candlestick patterns before entering the market. For example, all indicators are giving buy orders, so you need to see if the market has been range-bound in the past 3 or 5 hours, and if "yes" you need to start a buy entry at the lower support level. It will become clearer after looking at the pictures.
Once you have learned this method, use a demo account or open a real account with a small amount of money.
thank you bell
We know that as beginners, we often get into complicated situations when looking at charts, so that hopes of profit turn into losses. To do this, I recommend that you follow the instructions of a few important indicators rather than relying on your own intuition.
I recommend you to use the following indicators:
1. Awesome
2. Fibonacci sequence in the form of moving averages
3. Daily Pivot and S/R
The time frame is 1 hour, the stop loss is 30 pips and the target is 30 to 70 pips. Please avoid setting very large daily goals, such as 100 points or more, as this can be a dangerous trap. I recommend you use EUR/USD or USD/CHF as they are both more stable.
You must also identify candlestick patterns before entering the market. For example, all indicators are giving buy orders, so you need to see if the market has been range-bound in the past 3 or 5 hours, and if "yes" you need to start a buy entry at the lower support level. It will become clearer after looking at the pictures.
Once you have learned this method, use a demo account or open a real account with a small amount of money.
thank you bell
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