There are many trading indicators that you can use in order to make the best decision on when to buy or sell. If you are a beginner, then it is not recommended to use them. But if you have some experience and knowledge about the market, then you can try using them to see if they work for you.
There are many traders who are using these indicators because of their accuracy. They also provide a lot more information than just the price of the asset which is great for beginners who want more data on how to trade.
When reading a trading indicator, you are looking for the following:
- The trend of the indicator
- The direction of the indicator
- The levels at which you want to take a trade
- A time frame that is appropriate for your strategy.