Day Trading Lingo – Word of the Day – Indicators

How to start day trading?

This is what you will be using on your chart to help you see the green lights for your entries.

There is a myth that you need to have many indicators and many flashing lights.

It’s a MYTH!

I use 2 indicators

1. EMA line – exponential moving average
2. MACD’s – to show me the strength of the movement of what is happening with the price action, it’s a great spot for confirmation or for indication that it’s slowing down

You can certainly use more and different kinds.

There are 100’s of indicators.

But my FIRM RECOMMENDATION chose 2 at most 3 and stick with them.

you really REALLY don’t need more than that

otherwise you get into analysis paralysis and that kills everything!

how to start day trading

If you want to learn more about my journey and how I started you can read it here or you can watch it on my YouTube channel.

If you want to start day trading with ease and confidence – Sign up for the FREE Mini Course.

So if you have any questions you can always ask me at traderchick.com or in my Facebook group and if you want to learn day trading basics – check out MY Courses.

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