Trading Indicators Good or Bad?

The only Forex lessons you need to learn about using indicators in trading

Hello traders,

When it comes to trading, you will find that there are hundreds of different ways and strategies you can utilise to make money in any market be it Foreign Exchange (forex), Stocks, Commodities, etc.

I am not here today to discuss whether this or that system or strategy works or not. I am here today to reveal to you one of the hidden truths in the professional trading world. That is a lesson on how to properly use indicators to your advantage when trading any market.

Are you ready? There you have it:

NEVER APPLY THEM IN YOUR CHARTS AGAIN

Do that and I can guarantee you that you will have taken a huge step towards becoming consistent in trading.

Let’s have a look at a chart I came across recently:

Indicators in Trading Chart Pattern

As a professional trader and Mentor at Platinum Trading Academy, I come across different people every day when mentoring aspiring traders. Everyone will have their own little way of seeing the charts and trying to adapt here and there and this is perfectly normal. However, a particular case caught my attention and I thought I could write about the subject.

I had seen busy charts before, but the one you can see on the picture won every prize for all the wrong reasons.

This is an actual chart from a retail trader who of course gave me permission to use it for this article. Thankfully we have been able to help him and removed the curse that others imprinted in his mind. I can barely see any candles on this chart.

A huge problem I see with trading educators is that they keep teaching people how to trade using indicators. This is wrong! In the professional world, traders do not use indicators. Here at Platinum, we teach our students how to trade in the institutional way. An intuitional trader will base his decisions to enter trades in the market on supply and demand areas/levels. The story of this line crosses this other line and you buy or sell doesn’t exist in the professional world of trading. This is just one of the many lies you have been told about trading the markets.

Now let’s look at the same chart but this time with no indicators and just a few lines on it:

Indicators in fx Trading Chart

Have you spotted the difference? I can get my 5 years old daughter and show this picture and she will reply to me: Daddy you have a triangle in your picture!

Now let’s be honest! There are 4 lines in this chart and all Platinum students will know exactly what to do here. I can tell you that there are 5 trades in this chart and they are all high probability opportunities. This example is not even close to the level of details in the charts we use to present to all Platinum traders and students.

I gave you here just a glimpse with 4 single lines and a directional arrow. The explanation and other details for a chart like that are restricted to our clients of course.

As you can see, not a single moving average in the chart. No RSI or Stochastic. All rubbish!! You don’t need them.

The next time somebody comes to you saying they are a trader or education company and can help you become profitable blah blah blah.

Just ask this simple question: What indicators do you use?

If the answer is anything different than NONE, they can’t help you. They are not a trader. They want your money! That is the real truth of their game.

Do you want to know another truth before I finish this article? Here at Platinum Trading Academy, we don’t even talk about indicators. Forbidden!! That’s how much confidence we have in the method we teach our students and that’s how much confidence we have that in the professional world of trading nobody can give a damn about indicators.

If you would like to find out more about our methodology and have a chance to speak to a real professional trader who trades the markets every single day, please get in touch.

The Platinum Way

We trade in an Institutional Way by letting the market come to us and being patient.Being patient will always be a virtue and it’s no different in the FX market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.

Learn how to trade the Platinum Way. Find out more about our Courses.

Download our Free eBook that reveals the secrets on how professionals make millions in the financial markets.

Book a Free Consultation and let us talk you through the Platinum Methodology.

Professional Platinum Trader and Mentor

Nisha Patel

Live from the Platinum Trading Floor.

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Earnings Disclaimer:

The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.