first of all this is the rookie discussion so a lot of questions are asked here and IMO it's impossible to check them all.
Now I've read hundreds if not thousands of posts on almost as many forums for months and months about the use of indicators and Timeframes and I've read the articles in the school on babypips.com about two times from top to bottom but I still want to ask it myself here,
are indicators like the ichimoku cloud, the MA's, S&R, lower TF's, ... usefull or not?
The reason I'm asking is because I've been trading for almost a year now and I just want to get it out and because on almost all forums I read articles for newbies that say that you don't need indicators, that you at least need 100K in your account and that it takes about a decade before you are really succesful.
I can think of two reasons for this, one they are all telling the truth or two they are trying to confuse beginners so that they make bad trades which in return makes the people who've been writing those articles rich.
Now I've read hundreds if not thousands of posts on almost as many forums for months and months about the use of indicators and Timeframes and I've read the articles in the school on babypips.com about two times from top to bottom but I still want to ask it myself here,
are indicators like the ichimoku cloud, the MA's, S&R, lower TF's, ... usefull or not?
The reason I'm asking is because I've been trading for almost a year now and I just want to get it out and because on almost all forums I read articles for newbies that say that you don't need indicators, that you at least need 100K in your account and that it takes about a decade before you are really succesful.
I can think of two reasons for this, one they are all telling the truth or two they are trying to confuse beginners so that they make bad trades which in return makes the people who've been writing those articles rich.