Best Or Worst Indicator Explained | How To Trade Stocks and Options Podcast

Описание: Best Or Worst Indicator Explained | How To Trade Stocks and Options Podcast

In this video, we answered the question "What is the best indicator to use?".
It is completely subjective to the person trading and what their strategy is.

We split it into two different types of indicators: Volume indicators and Price indicators.

With volume based indicator, if you start in a particular anchor, what this does, is it tells us kind of where these supply and demand zones are from a particular point in time. That is something that you can use without any other indicators.

To really answer the question, there is no indicator that is the best indicator or the worst indicator. It's really how you can use that indicator within whatever rules you have and whatever strategy you have.

Everyone is going to find that whatever indicator works for them is going to be usually based on trial and error and what you feel most comfortable with.

Price indicators versus volume indicators, they all have their strengths and they all have their weaknesses. There really is no perfect way to use an indicator or there is no perfect indicator to use. Every single person is likely going to use it slightly differently and that's really what makes the market.

Everyone's got their own style, everyone's buying at a different area and everyone's selling for a different reason. That's what really makes the market fascinating.

Trendspider gives you a lot of information quickly without having to go and test this out by yourself. You're able to use Trendspider to really answer the question "What is the best indicator for me?".

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