Re: Sabar se mehnat or mehnat se kamyabi yeh kyun zaroori hai ?
There are countless indicators you can use when trading,
many of which will tell you the same thing. Using them together may
be overkill, so I find it best to keep it simple. Indicators can also be used
differently by different people. A breakout trader can use the RSI one way,
while a reversal trader can use it to confirm a market is overbought, and
a third person can look to see if there is divergence between the indicator
and the market. Like everything else, finding out which indicators you like
will take time and a lot of trial and error. Toy around with the indicators
you think you like until you figure out what works for you. You will learn
a lot about trading when you really start getting into how indicators work
and respond to the market. Though I devoted a few chapters to it in High
Probability Trading, you may want to pick up a good technical analysis
book (I like John Murphy’s Technical Analysis of the the Futures Markets;
he also has one for financial markets) to have as a reference guide when
learning to trade using indicators.
There are countless indicators you can use when trading,
many of which will tell you the same thing. Using them together may
be overkill, so I find it best to keep it simple. Indicators can also be used
differently by different people. A breakout trader can use the RSI one way,
while a reversal trader can use it to confirm a market is overbought, and
a third person can look to see if there is divergence between the indicator
and the market. Like everything else, finding out which indicators you like
will take time and a lot of trial and error. Toy around with the indicators
you think you like until you figure out what works for you. You will learn
a lot about trading when you really start getting into how indicators work
and respond to the market. Though I devoted a few chapters to it in High
Probability Trading, you may want to pick up a good technical analysis
book (I like John Murphy’s Technical Analysis of the the Futures Markets;
he also has one for financial markets) to have as a reference guide when
learning to trade using indicators.
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