Congratulations! You have made it to
the 5th grade! Each time you make it to the next grade you continue to add more
and more tools to your trader’s toolbox.
“What’s a trader’s toolbox?” you may ask.
It is simple!
Compare trading with a brick building of home. Which tools is used to the building? You
wouldn’t use a hammer on a screw, right? Nor would you use a buzz saw to drive
in nails. There’s a proper tool for each situation.
It is similar to in trading business, some trading tools and indicators are
best used in particular environments or situations. So, the more tools you
have, the better you can adapt to the ever-changing market environment.
Or if you want to focus on a few specific trading environments or tools,
that’s cool too. It’s good to have a specialist when installing your
electricity or plumbing in a house, just like it’s cool to be a Bollinger Band
or Moving Average expert.
There are billions different ways to grab some pips!
For this lesson, as you learn about these indicators, think of each as a new
tool that you can add to that toolbox of yours.
You need not use all of these tools, but it’s always nice to have plenty of
options, right? You might even find one that you understand and comfortable
enough to master on its own. It is enough discussed.
Now, come to start!
