Stocata.Org 003 Technical Analysis Volume

[ForexAnalysis]

Hi Mr. Sylvain, thank you for the reply.

while I am not yet successful in trading the Forex market I found that I can only look at 1 indicator and no form of EMA or SMA on my. I day trade and look at 2 time frame daily and 1 hour chart.I have seen professionals like yourself analyze charts and noticed that I have analyzed it the same way but yet I failwhat am I doing wrong?

[SylvainVervoort]

I am afraid there is no simple answer to that. I would have to see your trades to be able to see if it was a good or bad decision that moment in time. What did you do next and what kind of money and risk management are you applying, what is the spread you are paying, etc....

[ForexAnalysis]

Hi Mr. Sylvain Great Video, which other indicator would your recommend, I tarde the Forex market and my platform has no volume.

[SylvainVervoort]

There is no single item or indicator out of technical analysis that you can use on it's own. You need all the basic and extended tools of TA and additionally you can use 3 to 4 (proprietary) indicators or expert functions. Only then you can make decisions that are realy supported by TA. Also do not forget risk and money management. Keep following the video's. We will get there. Since you say FOREX, it will also be influenced by the time frame you are looking at.