Are Technical Indicators useless?

[Xcode7]

In short, it is really important when you are trading.
The fact that we can trade even if we don't use any technical indicator or without analyzing at all, it's fine. But it's like you are just gambling, you don't have any basis. Because you can just easily open a trade.
I rather have a reason why I opened a trade than nothing, and technical indicators is another way for it.

Technical indicators or technical analysis are the main foundation for knowing the direction of trading.
Trading without analysis is like a blind man walking without a stick, without knowing the way and not knowing where to go.

There are even many beginners who do it just by guessing like gambling and they usually use futures trading which we know is more risky than spot trading.
It's risky enough when beginners don't know what they're doing, just wasting their money on a bad experience without any research.

Yes, that's true and even people who just guess like gambling will lose their money in trading and then say that Crypto trading is not promising, but there are also those who learn from scratch on the contrary.
Basically, in trading, technical indicators are the main thing that must be understood to help provide buy or sell signals so that the trading we do is a correct business with clear references, not just guessing.

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[GreatArkansas]

In short, it is really important when you are trading.
The fact that we can trade even if we don't use any technical indicator or without analyzing at all, it's fine. But it's like you are just gambling, you don't have any basis. Because you can just easily open a trade.
I rather have a reason why I opened a trade than nothing, and technical indicators is another way for it.

Technical indicators or technical analysis are the main foundation for knowing the direction of trading.
Trading without analysis is like a blind man walking without a stick, without knowing the way and not knowing where to go.

There are even many beginners who do it just by guessing like gambling and they usually use futures trading which we know is more risky than spot trading.
It's risky enough when beginners don't know what they're doing, just wasting their money on a bad experience without any research.

Yes, that's true and even people who just guess like gambling will lose their money in trading and then say that Crypto trading is not promising, but there are also those who learn from scratch on the contrary.
Basically, in trading, technical indicators are the main thing that must be understood to help provide buy or sell signals so that the trading we do is a correct business with clear references, not just guessing.

To be honest, if you are a trader and don't use any technical indicators, I don't think you will be successful, or I am not sure if you can call yourself a trader, maybe you can call yourself as gambler, not a trader.
Agree taufik123 about trading is the main thing in trader and it is a MUST to learn.

[Best-mary]

Nah. Indicators are just like a programmed mathematical and standard instrument that shows the big men in the crypto space what you're doing. Trust your strategy. Rather than I using indicators, I preferred going with the strategies provided by some exchanges like the sniper range or even going into copy-trading.

[kingvirtus09]

Keep in mind that all trading professionals employ technical indicators. Most people use it since they are aware that it can indicate, at the very least, the foundation around which a certain trader would make their prediction. If there are no instruments to base it on, we cannot just hazard a guess.

These signs appear to be comparable to a map, where we as navigators use a compass to decide which direction we are traveling in and where, even if we get lost, if we have a map, we will know which direction we are traveling. I hope you understand.

[Quidat]

In short, it is really important when you are trading.
The fact that we can trade even if we don't use any technical indicator or without analyzing at all, it's fine. But it's like you are just gambling, you don't have any basis. Because you can just easily open a trade.
I rather have a reason why I opened a trade than nothing, and technical indicators is another way for it.

Technical indicators or technical analysis are the main foundation for knowing the direction of trading.
Trading without analysis is like a blind man walking without a stick, without knowing the way and not knowing where to go.

There are even many beginners who do it just by guessing like gambling and they usually use futures trading which we know is more risky than spot trading.
It's risky enough when beginners don't know what they're doing, just wasting their money on a bad experience without any research.

Yes, that's true and even people who just guess like gambling will lose their money in trading and then say that Crypto trading is not promising, but there are also those who learn from scratch on the contrary.
Basically, in trading, technical indicators are the main thing that must be understood to help provide buy or sell signals so that the trading we do is a correct business with clear references, not just guessing.

To be honest, if you are a trader and don't use any technical indicators, I don't think you will be successful, or I am not sure if you can call yourself a trader, maybe you can call yourself as gambler, not a trader.
Agree taufik123 about trading is the main thing in trader and it is a MUST to learn.

Naked trading is something that could be possible but only on the time that you are professional on reading up a chart without making use of any indicators on which you could really be able to spot out those patterns on just simply looking those candles.Yes its possible but the knowledge and experience/skills that must have is on professional level and this is why it is really that possible on having this kind of trading method but if you are really just that starting and trying out to trade without having those indicators or doesnt even know on how to read up those green/red candles then you are just
simply doing gambling.You would really be finding the relevance about those indicators on the time that you would really be able to step your foot into the market. Your mind would be telling that
having no indictor should suffice but you would really be having a huge question mark on your mind on how the heck you would be able to read up the price movements if having no indicators been used? You would really be able to tell the relevance of these things once you do decide on trading with the market. It cant really be just that possible on doing such thing in the first place.

[DanWalker]

In short, it is really important when you are trading.
The fact that we can trade even if we don't use any technical indicator or without analyzing at all, it's fine. But it's like you are just gambling, you don't have any basis. Because you can just easily open a trade.
I rather have a reason why I opened a trade than nothing, and technical indicators is another way for it.

Technical indicators or technical analysis are the main foundation for knowing the direction of trading.
Trading without analysis is like a blind man walking without a stick, without knowing the way and not knowing where to go.

There are even many beginners who do it just by guessing like gambling and they usually use futures trading which we know is more risky than spot trading.
It's risky enough when beginners don't know what they're doing, just wasting their money on a bad experience without any research.

Yes, that's true and even people who just guess like gambling will lose their money in trading and then say that Crypto trading is not promising, but there are also those who learn from scratch on the contrary.
Basically, in trading, technical indicators are the main thing that must be understood to help provide buy or sell signals so that the trading we do is a correct business with clear references, not just guessing.

Technical analysis and technical indicators are really necessary in trading or for us to make predictions for the market. But that doesn't mean that what they show us will definitely happen or that the market will move according to our analysis. For me, technical indicators only work at a relative level in this volatile market, they are not even effective because the market's volatility does not completely depend on supply and demand. The market is full of manipulation so never trust technical indicators completely.

[taufik123]

Yes, that's true and even people who just guess like gambling will lose their money in trading and then say that Crypto trading is not promising, but there are also those who learn from scratch on the contrary.
-snip-

There are many people who still practice such guesswork, even though trading is not for playing around.
Beginners who do so and only rely on their feelings will result in losses and eventually think crypto is a terrible place and does not promise anything.

To be honest, if you are a trader and don't use any technical indicators, I don't think you will be successful, or I am not sure if you can call yourself a trader, maybe you can call yourself as gambler, not a trader.
Agree taufik123 about trading is the main thing in trader and it is a MUST to learn.

Technical indicators in technical analysis are the main reference or main tool used to make predictions.
Without using it, there will be many risks, traders are required to use it even if they only know the basic knowledge.

Naked trading is something that could be possible but only on the time that you are professional on reading up a chart without making use of any indicators on which you could really be able to spot out those patterns on just simply looking those candles.
-snip-

LOL, I just heard about Naked Trading. It's quite interesting, that professional traders no longer need complicated chart reading.
Just by looking at the candle positions, he will know where the market is going.
However, the accuracy will certainly not be as accurate as when combined with technical indicators.

-snip-
For me, technical indicators only work at a relative level in this volatile market, they are not even effective because the market's volatility does not completely depend on supply and demand. The market is full of manipulation so never trust technical indicators completely.

Of course, technical indicators will not be completely correct, it's just a preliminary reading to know where the market will go, and it will not have 100% accuracy.
It can also be combined with a Fundamental Analysis of how news works and how manipulation is done, which also needs to be considered.

[wxa7115]

Technical analysis and technical indicators are really necessary in trading or for us to make predictions for the market. But that doesn't mean that what they show us will definitely happen or that the market will move according to our analysis. For me, technical indicators only work at a relative level in this volatile market, they are not even effective because the market's volatility does not completely depend on supply and demand. The market is full of manipulation so never trust technical indicators completely.

We must remember that technical indicators are calculated based on the way the market moved recently, this means indicators can tell us exactly what has happened already but they cannot tell us what is about to happen with certainty.

This is where the skill of each trader will make a difference, as two traders can watch at the exact same indicators and take completely different decisions, and while an unskilled trader will make several mistakes, the skilled trader will be able to more accurately predict what is about to happen and take advantage out of that knowledge.

[lombok]

There are times when indicators are very useful and there are times when indicators are not completely appropriate. This depends on market conditions. Sometimes there is a moment where market movements ignore the indicators that we usually use.

Of course, our mentality and emotions must be taken care of when what we usually use and apply in analysis when trading does not apply to market conditions, we must control or stop for a moment to observe market movements. It's better to avoid to maintain balance.

[tjtonmoy]

I don't think they are useless. Otherwise, why do they exist and why do people still use them? I am not saying that it's gonna give you a 100% winning rate on trades but it will sure increase the chances and success rate. The more data we can process the more accurate the results are going to be. With various indicators, we are presented with that data. If we can successfully utilize that then the success rate will increase.

Now the thing about them not working sometimes. Well, the market doesn't run on calculations or mathematical terms always. Sometimes the market moves on sentiments. It creates trend hype or fear that could lead to irregular movements in the market. A machine or program having no human emotion can not compete or analyze that market condition. So the results could be unexpected. Also, indicators are not a thing that you should rely on so much.

[Nrcewker]

Nah. Indicators are just like a programmed mathematical and standard instrument that shows the big men in the crypto space what you're doing. Trust your strategy. Rather than I using indicators, I preferred going with the strategies provided by some exchanges like the sniper range or even going into copy-trading.

Indicators are used only to see the market with better perspective. These indicators provide better insights of the market for a fixed amount of time. Now using indicators doesn’t mean you will get sure profits, it’s just use for the better analysis of the market.
Now regarding copy trading, then it’s good, but sometimes it backfires. When we get serious losses due to this, we eventually end up in cursing the person whose trade we cope. Nevertheless, I would suggest to always trade by self analysis.

[jossiel]

There are times when indicators are very useful and there are times when indicators are not completely appropriate. This depends on market conditions. Sometimes there is a moment where market movements ignore the indicators that we usually use.

That's right.

Sometimes that really happens and we don't have control over it. Indicators could work for most times but do not be surprised if they don't work at all.

Of course, our mentality and emotions must be taken care of when what we usually use and apply in analysis when trading does not apply to market conditions, we must control or stop for a moment to observe market movements. It's better to avoid to maintain balance.

Avoid the market when you're unsure and even if you use indicators and they seem to be inaccurate, it's best to just take a rest but if you want to continue no one will stop you.

[stomachgrowls]

There are times when indicators are very useful and there are times when indicators are not completely appropriate. This depends on market conditions. Sometimes there is a moment where market movements ignore the indicators that we usually use.

That's right.

Sometimes that really happens and we don't have control over it. Indicators could work for most times but do not be surprised if they don't work at all.

Of course, our mentality and emotions must be taken care of when what we usually use and apply in analysis when trading does not apply to market conditions, we must control or stop for a moment to observe market movements. It's better to avoid to maintain balance.

Avoid the market when you're unsure and even if you use indicators and they seem to be inaccurate, it's best to just take a rest but if you want to continue no one will stop you.

There's no such thing about assurance and precision when it comes to technical analysis and same goes when it comes to fundamentals on which it doesnt really assure that it would really be making out some sure effects

within the market and this is why it would really be just that so normal that you would really be that versatile whenever you do see those unpredictable movement here on the market.
Technical indicators arent useless, it is really just that the market is really that unpredictable and also, what would really be your tools on dealing with this market if you arent using TA just because
you do see that its irrelevant?  Just like on what others been saying that on the time that you would really be stepping your foot into the market then you would be finding that relevant
on making use of these tools because stepping into the market without these things would really be making things harder.

[HONDACD125]

Indicators are used only to see the market with better perspective. These indicators provide better insights of the market for a fixed amount of time. Now using indicators doesn’t mean you will get sure profits, it’s just use for the better analysis of the market.
Now regarding copy trading, then it’s good, but sometimes it backfires. When we get serious losses due to this, we eventually end up in cursing the person whose trade we cope. Nevertheless, I would suggest to always trade by self analysis.

Many traders trade using different indicators and claim to earn good profits. You are right that indicators are used to see the market in a better perspective. As far as I am concerned, some people use a combination of different indicators and make their own assessment from there, or analysis of which direction the market may go, because one indicator alone cannot be trusted. It is not necessary that you can make every trade successful by using indicators.

Sometimes the estimation taken from your indicator can be wrong and you can also lose, because profit and loss is a part of crypto currency here you can earn good profit but loss should also be kept in mind. You are right that trading should be based on your own analysis instead of relying on others, but you will also need some technical indicators to make your analysis and predictions. To improve your profit rate, you will definitely need some tools and indicators for your analysis from which you can take a good guess and make a good trade. That's why I think indicators have a big role to play in crypto currency trading. Therefore, the importance of indicators cannot be ignored.

[Captain Corporate]

At the wrong hands is the real answer. I mean how can we assume that indicators would be a single minded thing, we are not talking about a situation where all of the world uses it the same way, some people uses the indicators brilliantly and some people use them terribly. Which is the point here, we can't just say that they are bad or good like they are just one single thing, they are a whole system. If you want to use it well, learn how to use it, and I bet that you are going to profit a lot with them, but if you are terrible with them then you are not going to make a lot of money with them. I believe that the situation is a bit of a different one and shouldn't be considered that big of a deal.

[Yamifoud]

I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.

I'm open to discuss all ideas.  

Success in trading is not because we use a lot of indicators or strategies but in depends on how we use them. In fact, many traders only have a few indicators and they still make it because having a lot of indicators makes you confused about what to do next and end up making wrong decisions. I would say that better to try one or two and see the results, if that is effective already and gives you a profit, it is not necessary to look for more but instead, master it and enhance your TA as this is a big factor that would help you.

[lombok]

There's no such thing about assurance and precision when it comes to technical analysis and same goes when it comes to fundamentals on which it doesnt really assure that it would really be making out some sure effects

within the market and this is why it would really be just that so normal that you would really be that versatile whenever you do see those unpredictable movement here on the market.
Technical indicators arent useless, it is really just that the market is really that unpredictable and also, what would really be your tools on dealing with this market if you arent using TA just because
you do see that its irrelevant?  Just like on what others been saying that on the time that you would really be stepping your foot into the market then you would be finding that relevant
on making use of these tools because stepping into the market without these things would really be making things harder.

At least TA has an idea of the movement of market sentiment. Apart from indicators, in my opinion the shape of the candle can also be an indicator of market movements that will occur. There are many kinds of candlesticks, and maybe we have to know and learn about them



or you can go to this link to learn or know about candlesticks: https://forexbee.co/reversal-candlestick-patterns/

Conclusions we can draw. Experience, knowledge and insight in analyzing a market by a trader is very useful for them in trading.

[poodle63]

Nah. Indicators are just like a programmed mathematical and standard instrument that shows the big men in the crypto space what you're doing. Trust your strategy. Rather than I using indicators, I preferred going with the strategies provided by some exchanges like the sniper range or even going into copy-trading.

copy trading aren't as effective as you said otherwise quite literally everyone would flock into it but the result is definitely far from expectation.
technical analysis in general are good way to understand the market that you're in and knowing the circumstance of whats really going on here.
basically you don't just directly use technical analysis as the deciding factor here but rather you are going to use it to help you make decision.
because the whales also know how to use TA to understand the individual movement next so the whales could take advantage of it.

[Twentyonepaylots]

Now the thing about them not working sometimes. Well, the market doesn't run on calculations or mathematical terms always. Sometimes the market moves on sentiments. It creates trend hype or fear that could lead to irregular movements in the market. A machine or program having no human emotion can not compete or analyze that market condition. So the results could be unexpected. Also, indicators are not a thing that you should rely on so much.

Well trend and hype is what makes the crypto great right? I mean for over the past years you can't technically predict if the market will move up or down, it's all about the sentiment of the buyers. Technical Indicators are tools we could use to help us in trading, but the problem comes in when we interpret the data in front of us. If we know less about the data we have, we'll get overwhelmed with it making our emotions and impulsiveness be involve which is a bad thing. Now I see technical indicators as guide, but I don't really trust it so I make my own researches whenever I'm trading which I found very helpful on my end since technical indicator holds significantly less when whales are moving crushing what you think is going to happen and they reverse it in a minute. You're right, don't rely so much on technical indicators, use it as a guide instead.

[harizen]

I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.

I'm open to discuss all ideas.  

If that is something useless, professional traders won't use that as part of their making a strategy.

The term already says it, "indicators" - means it will indicate the possible next market move. In that way, we can somehow form a good approach to what will happen next. It's always good to rely on all factors we can use to increase our winning rate.

The crypto market is already volatile and we don't want to just predict everything because of emotion.