I am an active underlying stock market swing trader and buy-and-hold investor, and my portfolio could be worth £20,000 to £30,000 sometime next year.
I already have been demo trading CFD’s (contracts for differences), also 1 trade live and scored 17.5% in a day trend following – I am looking to trade them more next year when/if I have made this money.
Anyway, what I want to know is what are the best technical analysis indicators I should be looking at as a CFD’s trader to efficiently trade them as a stock swing trader along with market news embedded into my strategy?
What technical analysis indicators DO YOU as a CFD’s trader personally use/look at to trade them and have a high winning ratio?
I know this is longer than the average question here on Y!A, so sorry about that.
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, even if you learn everything about trading indicators 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.
This question was about trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to trading indicators, the answer has been posted in the categories listed below: