What Does iSlavery Means? 👶🏻

Slavery is a form of psychological slavery, which generally indicates dominance "Indicators" on a trader's mindset, where they control their choices, whether during buying or selling, or even managing risks and trades.

Many new traders fall into this type of hypnosis where we see that most traders of all ages and genders are controlled by indicators and thus the path towards success in the world of trading and investment becomes difficult and almost impossible.

Let's Identify The Problem 🤔

With regard to new traders, the problem begins in the lack of understanding that indicators for trading were created in order to (help) the trader to make a decision and not to (make) a decision. No indicator can determine whether the deal that will be bought or sold is a good deal or not, but what the indicators do is to determine the current price value and subtract or divided (according to the type of indicator) by the previous price value, and then the result will be whether The price according to the present value is provides a good place to buy/sell or not, Many traders choose several types of indicators and apply them to the chart without knowing how these indicators work or how they can be used effectively, and here the disaster occurs.

So, What's The Solution 🤷🏻‍♀️

Many traders think that working without indicators is better than working with indicators, is this true? Actually, this is absolutely not true. You do not need the indicators to be a successful trader. but, you need the indicators to make your trading operations easy to understand and logical. The information provided by the indicators will be gold if you know how to use them, and it will be a gunshots that kills all your deals if you do not learn how to take advantage of them real.

As I said, the indicators will not make you a successful or failed trader, all the indicators will do for you is lighting your eyes on price areas that may be of great importance and sensitivity to the price, If you were using indicators on your chart, and I asked you: Why do you use each indicator and what do you benefit from each of them? If you are able to give me clear and non-repeated answers then you're okay, but if you cannot give me a clear idea of how you personally benefit from this or that indicator, then you are wasting time using something you do not understand its foundations.

Summary 🤗

If you are a professional trader, most of you are already familiar with everything you read, but if you are a new trader in the stock market, Forex, or others, the aim of this article is to show you that all the Indicators that you may use are basically the same, as there is no An indicator has been made invented to work on the chart taking its value from a place except the price. The price is the main key that you must focus on. Understanding price movements is the first and most important step to forming a correct basis, and in order to adopt a 40 or 50 years successful trading career, you must ensure that your basis is solid and correct.

Remember that the technology we had today was not available in the time of (Warren Buffett) and other richest traders in the world and they managed to achieve a successful march in the world of trading and investment, how so? by the right basis. not doing what Indicators says.

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🙋‍♂️ Written by: @itsFiras ┊ 28/4/2020 - 05:17PM

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