Business/Investing — binary
Unfortunately, this is where a lot of people start out. They go looking for “push-button” and “turn-key” solutions. They search Google for signal services and software programs to do their trading for them. Many of these types of products usually come with sleazy sales videos and feature hired actors who promise overnight success.
While it may be true that certain indicators, methods and strategies can push the odds of success in your favor, it’s still important to bear in mind that successful trading requires more than a technical understanding of chart analysis. It also requires the development of specific mental skills to avoid the common pitfalls. Technical methods and indicators cannot stop you from entering a trade too early nor can they stop you from entering a trade too late. They also cannot stop you from over-trading on impulse or stop you from abandoning your money management strategy.