Using indicators on your Advanced Trading charts can help develop your trading strategy. Follow these steps:
- Log In to Your Account: Begin by logging into your account.
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Navigate to Advanced Trading:
- Hover over Trade in the top navigation bar.
- Click on Advanced.
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Add or Remove the Indicators:
- Within the Trading Chart window, locate the Indicators section.
- Browse and scroll through the indicators you wish to place on your Trading Chart.
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Adding the Indicators: Simply click the name of the indicator listed and the indicator will be displayed on your trading chart.
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Removing the Indicators: To remove the indicator, follow these steps:
- Hover your mouse to the indicator name and hold it.
- There will be an option for you to remove the indicator.
- Click the X button (Remove) to complete the process.
Remember:
- Indicators provide insights, not guarantees. Always consider other factors like market news and technical analysis before making any trades.
- Start with a single indicator like the Exponential Moving Average (EMA) which shows the average price over a certain period (20 days, 50 days, 100 days, etc.) and gradually introduce more as you gain experience.
- Backtest your strategies using historical data to evaluate their effectiveness before risking real capital.