Are Indicators Really Your Best Friend?

Indicators are many a traders’ panaceas. If you know how to use them “correctly” your trading surely must take on a new level of accuracy. Countless software developers have spent much time and money on refining the perfect indicator, not to mention that they are making billions from selling them to hopeful traders desperate to find something they have been trained to perceive as tangible to make their trading easier.

If you are a discretionary trader and have been trading for a long time you probably know that your indicators are anything but reliable friends. They are fickle, change their minds often and arrive at the party usually when everyone else is ready to leave.

Alas, your trading mind needs an entourage: It needs to feel safe and it needs the illusion that more is better. There is safety in numbers, hence you think that “confirmation” of your trade gives you a higher probability of the trade succeeding. That is the lore told by many educators out there. It is all humbug designed to make you even more uncertain as your linear mind is already stretched to deal with the information on the screen that is changing every few moments.

Yet what do you do? You get even more indicators, you tweak them, put more lines on your charts, trade multiple time frames all in a bid to gain more information to make you trade with greater accuracy.

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Mercedes Van Essen
Mercedes Oestermann van Essen has traded since 2001 with extensive experience trading commodities, FX and stocks. She is the author of several books on trading psychology.

Her work in the field of trading psychology is innovative and inspirational,
combining cutting edge energetic NLP with insights from the wisdom traditions, neuro science and the science of quantum physics. Many traders and investors have transformed their trading and their lives immersing themselves in her material.

Mercedes Oestermann van Essen contributes to the educational part of IG Live TV in London and writes regularly on trading related topics helping traders to improve their trading by empowering their trading psychology. Her work goes way beyond improving trading performance and is life transformational.

For more information please visit: www.TheBuddhistTrader.com

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Mercedes Van Essen

Mercedes Van Essen

Mercedes Oestermann van Essen has traded since 2001 with extensive experience trading commodities, FX and stocks. She is the author of several books on trading psychology. Her work in the field of trading psychology is innovative and inspirational, combining cutting edge energetic NLP with insights from the wisdom traditions, neuro science and the science of quantum physics. Many traders and investors have transformed their trading and their lives immersing themselves in her material. Mercedes Oestermann van Essen contributes to the educational part of IG Live TV in London and writes regularly on trading related topics helping traders to improve their trading by empowering their trading psychology. Her work goes way beyond improving trading performance and is life transformational. For more information please visit: www.TheBuddhistTrader.com

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