A lot of traders prefer technical analysis to fundamental analysis, especially when it comes to cfd trading. Charts and proper chart analysis is the key to trading successfully in a technical way. Technical traders look at charts and use tools called indicators to predict future price movements. Charts and technical indicators are very useful tools in order to make profit via the technical analysis. Top brokers will often introduce you to the most popular indicators, which you can use while using a trading platform.
Activating the technical indicators
Technical indicators can be activated easily on every trading platform. Depending on the broker, multiple indicators will be available. Furthermore, if you use indicator trading, you must get used to the indicators and really learn when they give off signals. Being able to identify the trend will help you stay above the rest of the pack and grow your returns. In either case, “the trend is your friend”.