DISCLAIMER: Phantom Flow, its team members, chat members and customers do not possess formal qualifications as financial advisors and are not registered to provide financial advice. By subscribing, you agree that you understand the following points:
No guarantee of success: The use of trading indicators does not guarantee profitability. Financial markets are volatile and subject to various factors that can impact the outcomes of your trades.
Dependency on historical data: Trading indicators are based on the analysis of historical data. However, past performance is not indicative of future results. Markets are constantly changing, and past trends and signals may not align with the current market conditions.
Capital loss: Trading involves financial risks, and there is a possibility of losing your entire investment capital. The use of indicators does not eliminate the potential for losses, and traders should be prepared for such outcomes.
Need for continuous monitoring: Using indicators requires constant market monitoring and quick response to signals. If you are not willing to dedicate sufficient time and attention to trading, the use of indicators may be less effective.
Psychological factors: Trading can induce emotional stress, especially in the case of experiencing losses. It is important to maintain control over emotions and make well-considered decisions based on data analysis, rather than emotional reactions to indicator signals.
Before using trading indicators, it is recommended to spend time studying the basic elements of the market context. It is also important to carefully study and test the indicators on historical data before making a decision to use them in real trading.