Smart signals: trader's perspective.
Sometimes, I hear new traders complaining that trading signals don't work, and they end up losing their money because of them. So, in this article, I'm going to show you how to use signals the right way. First things first, understand that a trading signal is basically a tool that uses historical data to predict where the price is headed . All those fancy technical analysis indicators, including signals, look at past data to try and guess where the price is going. Signals work the same way. As a trader, you should know how an asset's price behaved in the past when similar conditions were present. If the current conditions match what happened before, then there's a higher chance that the price will move in the same direction. But here's the deal: the market is a complex system. Making a perfect prediction is just not possible. There are so many factors at play – news, events, how other traders feel and act, the moves of big players in the market, and more. With all t...