Treating technical indicators as a crystal ball for predictions is where most people start losing money.
It is essentially a mirror that only objectively reflects the current state of the market. However, understanding the state does not equate to knowing how to place orders, let alone trading strategies. If you don't have a complete strategy, no matter how many indicators you refer to, they will only become psychological comfort and may even create a dangerous illusion of trading for you.
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Treating technical indicators as a crystal ball for predictions is where most people start losing money.
It is essentially a mirror that only objectively reflects the current state of the market.
However, understanding the state does not equate to knowing how to place orders, let alone trading strategies.
If you don't have a complete strategy, no matter how many indicators you refer to, they will only become psychological comfort and may even create a dangerous illusion of trading for you.