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Go Back   FX Instructor Forums > Tools of the Trade > MetaTrader 4 Tools and Indicators

MetaTrader 4 Tools and Indicators Discuss MT4 indicators, expert advisers, templates, and everything to do with their development and usage.

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Old 04-26-2008, 02:03 AM
Mayamba Mayamba is offline
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Hello Everyone,
The materials here should be educating but am new to the system. Can anyone help me know how i can enjoy reading indicators ? Or how did you successfully passed through the boring sessions of learning forex trading?
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Old 04-26-2008, 04:33 PM
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EugeneFXI EugeneFXI is offline
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Hi Mayamba,

I don't think its possible to become a better trader without going though those 'boring' sessions of learning forex

It doesn't happen overnight, and there is no magic solution that will instantly give you good trades.

Indicators are certainly not it - they have a very specific purpose: to indicate that certain conditions exist or don't exist. It will be YOU who will have to pull the trigger on the actual trade, and decide whether or not the situation is appropriate.

There are thousands of indicators out there, some better, some worse - but most are based on certain techniques which could be considered the building blocks of forex trading: divergence, pivots, trendlines, and fibonacci ratios.

Learning these techniques (without immediately jumping into indicators) would be beneficial to any trader. We have information about all of these topics here on the forums.

Good luck!
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