Go to any popular Forex trading forum and you’ll see entire sections dedicated to the discussion of various technical indicators and systems.
You’ll see people talking about different period settings and how they use them in combination with other indicators to try to “make money” trading.
But there’s a fundamental flaw with this approach… because these traders have put the cart before the horse!
You see… you don’t first select the technical indicators you want to use, and then figure out how to make money with them… that’s not how real trading works.
Real trading works by first having a trade idea (based on economic fundamentals), and then selecting the technical tools to help identify your trade entry.
Most retail traders have it the wrong way around.