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Thread: How many indicators do you need?

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    Default How many indicators do you need?

    Many active traders use technical indicators to identify trading entry and exit points for the high probability of success. An indicator is a technical tool. Hundreds of indicators are available on most trading platforms. However, traders shouldn’t use two or more indicators of the same type. Otherwise, it will give a confusing signal. My broker Eurotrader trading platform provides indicators according to their category.

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    I use two to three indicators to forecast the market movement. Choosing a regulated broker presently is the toughest job to do. Eurotrader provides traders with all necessary technical tools so traders can properly analyze the market.

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    There is no particular answer to this question how many indicators I should use. However, some traders use multiple indicators to forecast the market. Eurotrader is a regulated ECN broker, allowing traders with high leverage and narrow trading spread. The broker provides all indicators to their traders.

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