Can any one suggest best indicator for trading?

[Vaculin]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.
But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD ^[1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
^{[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/}

It is all where you become comfortable and besides, it is not needed to have these trading indicators at your side as they can't be used all the time. What is important is that we are able to understand the trend, we are able to think of a way that we can generate profit than to lose, TA's, chart reading, I believe these are all enough when we come to trading, we just need to master it in order to improve our analysis.
If we are enjoyed what we are doing, the more chance to get what we wanted.

[1715052757]

1715052757

[1715052757]

1715052757

[1715052757]

1715052757

[jostorres]

Gain more experience, those indicators that have been said, you can learn them gradually. You can learn them right now without having enough experience.

But it's still going through experience for you to learn how to get some best indicator which shall fit your analysis once you build it up.

Personally, I have given up on all indicators after the recent bear run because all the indicators and predictors failed to see the market crashing so hard. I seriously feel like this is similar to gambling where you can use indicators (tipsters in gambling) but you are never going to get the correct results. Yes, some indicators might help you in detecting small movements but these big swings are almost impossible to predict/indicate.

Some really good indicators mentioned in this thread though, so I have bookmarked the page and going to watch every once in a while to check what are the new indicators being used in the market.

[Ziskinberg]

There is no wrong having them all but bear in mind that it won't save us. What we have to do is to try to understand the market behavior, we should have to act cautiously. Trading is risky and we can't simply escape from losing even experts has no excuse.

So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.

[Beparanf]

There is no wrong having them all but bear in mind that it won't save us. What we have to do is to try to understand the market behavior, we should have to act cautiously. Trading is risky and we can't simply escape from losing even experts has no excuse.

So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.

Indicators are tools to make a strategy on trading, Without them, You will need to undergo bunch of mathematical equation just to have a pattern and guide to be use on your trading strategy. Indicators made the life traders easily, Yes you can't rely solely on indicators but without them, you are just like blind that trades base on your feelings because you ain't holding any data to backup your strategy.

[boumalo]

Price and your gut feeling 

[Wind_FURY]

Price and your gut feeling 

Haha.   

OP, serious suggestion. An indicator to check for Bitcoin is to go to weekly chart and use the 200-week moving average. Use SMA/EMA/WMA, does not matter. Bitcoin has touched, or went below that, but it was never stayed below that for a long time. Always buy Bitcoin near that line.

[LUCKMCFLY]

I think that there is no such indicator, because to give it a good indicator you must have the style of trader that you are, if you are a scalping trader, a medium-term trader or a long-term trader, even for investors the strategies are totally different.
In this case, I am not an indicator trader, I like fundamental analysis much more and then combine it with technical analysis to be more complete, in fact there is a model that is widely accepted that is not an idicator, but for now it is. It works as an indicator and is the PlanB S2F model, it is widely accepted by many traders and investors, because it has great information of a relevant technical and fundamental level, if we start to see according to this model BTC will soon reach the sum of $ 100 k and his next target will be for $288k.

[goldade]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions.  You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.

[DarkDays]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.
But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD ^[1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
^{[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/}

It is all where you become comfortable and besides, it is not needed to have these trading indicators at your side as they can't be used all the time. What is important is that we are able to understand the trend, we are able to think of a way that we can generate profit than to lose, TA's, chart reading, I believe these are all enough when we come to trading, we just need to master it in order to improve our analysis.
If we are enjoyed what we are doing, the more chance to get what we wanted.

Totally agree. You can't be heading into a trade without knowing anything about it but simply invest because some one had made up some lies about it. I'm not saying this is always the case but sometimes this is indeed the case.

Before getting into any market either by trading or just long-term holding always do your own diligence. If something happens down the line you'll find it much easier to understand what went wrong so you can avoid it next time, this is impossible to do when you rely on others.

[Shenzou]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.

[Wind_FURY]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions.  You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.

I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.

Plus OP is new in trading during a bearish situation which the market might just be waiting to go crash more. I believe we should support each other in the forum to make our fellow plebs make the right decisions. Discourage all the newbies from day-trading, swing-trading, and any kind of short term trading.

[kotajikikox]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions.  You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.

If only there is some place like this then surely all of us are rich people now?

trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)

and also those telegram groups is a BS place to believe so get rid of those.

[Questat]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions.  You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.

If only there is some place like this then surely all of us are rich people now?

trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)

and also those telegram groups is a BS place to believe so get rid of those.

Pump and dumps group, they are more than BS, they are a hungry monkey, they just want to take the money rather than helping you to improve.
The choose of what trading indicators depend on us as a trader. We can have them all if we want but the question if that really needed for our trades or they are just making us lose. Some say this one is effective, well, maybe it works for them but might not for us...

[Inspiron14]

in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading

[AakZaki]

I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.

If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.
there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.

[Zilon]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

Getting suggested indicators wouldn't stop you from blowing down your account if you are planning on depending of them as entry triggers and trend confirmations. I suggest you spend time learning price action and candle stick formation first when you have mastered this you can then move on to study indicators. Remember back testing is very Paramount if not you would never record success throughout your trading carrier

[ningrum]

I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.

If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.
there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.

Yes, of course it takes hard work and certainly don't give up easily to learn it again,
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too

[Beparanf]

in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading

Yes, This is the most basic and effective indicator for newbie since there's only 2 signal MACD can produce while RSI verify it. The only problem on using indicators in general was determining the right time frame for the trading tempo of each trader since indicators give different signals on every timeframe so newbie should be cautious about this detail.

[pawanjain]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I would recommend first understand the basics of trading and watch some tutorials and do some trading courses.
This way you will get a better understanding and you will be able to perform well by using the indicators.
Most of the times the 3 main indicators used by many traders are RSI, EMA and MACD.
If you master these then you don't have to worry about any other indicators and you will be able to analyze the market better.

[wxa7115]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

I'm not going to give you certain steps to help in this trading business as there aren't any set steps towards trading success.

Generally, though, following what's happening with BTC is a good start because BTC market sets the scene for the rest of alts. Above this is knowledge, you must have the right market knowledge to trade without it you're lost. Practice a few trades and then see what you're lacking, then search for the relevant knowledge apply it and attempt to improve. Failure is the road to success!

And that is exactly right, there is no indicator that will tell you when to enter a trade and then make profits all the time, indicators do exactly what they say they do, they indicate about particular circumstances that are happening in the market and it is up to the trader to interpret those signals and make a good call based on them.

It is important to never forget that is no amount of indicators that can tell you exactly what to do and it can be argued that using too many indicators goes against your best interests as too much information will obscure the most important indicator of all which is the price itself.