#TradingTools101
๐ My Journey with Technical Indicators in Trading
From the very first day I started trading, I was always trying to learn tools that would help me make smarter decisions. After a long experience of losses and gains, I discovered that technical indicators are among the most important fundamentals that any trader must learn.
โ RSI helped me know when the market is overbought or oversold.
โ MACD clarifies the general trends of the market and entry and exit points.
โ Moving Averages (SMA and EMA) are used to determine the overall direction and avoid random entries.
What I learned is that indicators are not magic tools, but they enhance your decisions if you understand them correctly and combine them with good capital management. I advise every beginner to dedicate time to understand them and practice on a demo account before real trading.