(used in Futures trading)
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
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Read a "Random Walk Down Wall Street" before engaging in technical trading rules. If the system was as easy as looking at a chart and trading on a recognized pattern, and it really worked, you could make infinite amounts of money by coding that into a software program. Technical trading is akin to palm reading.