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You have a good start already with these indicators. The only missing element is chart reading and that requires time. Problems with indicators is that too many people over-rely on them for signals and confirmations. Price has to confirm signals, not the other way around.
I trade on patterns, and these changes constantly, so signals come and go but judgement comes from understanding price action.
My #1 advice is learn money management first! This will keep you in the game for a good while until you are settled or found your own system. Learn and build a sound money management and the other parts like indicators and methods will help you build your own system. |
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Thanks for sharing the resources torero. I agree chart reading or understanding price action takes time. But this should be considered a mandatory skill to learn before anybody places a single trade.
mandiuang: Market knowledge, money management, trading strategy, and trader psychology are the important elements of trading. Good luck
