You have had half a dozen chances to notice how all the indicators, and all the Forex strategies that can be found online are – profitable. Of course they are! Who the heck would upload a Forex indicator and write a post around it telling you how badly it sucks and how they lost half of their monthly income before they actually realized it’s a trash-worthy Forex tool. You will stumble upon hundreds of indicators being sold in blogs, websites, and forums along with their creators praising them to the skies.
The truth is, there are number of people who would well fit in the category I described above. However, this doesn’t mean all the traders are necessarily trying to sell trash. Things are not always as they seem to be at the first glance. Sometimes, those people simply strive to create a good indicator and share it with the community. Most of them, especially forum folks, try really hard to improve the initial version of indicators. Of course there’s nothing bad in it.
Most of the indicators in general are really good and profitable. From one side, it’s really ignorant how people don’t even try to get the best out of indicator or strategy before they move over to the next one. Imagine having a bowl of peaches in front of you, taking a single bite off each of them and then moving on to the next one praising the whole bowl, together with the rotten ones. Aha, the rotten ones!
The rotten ones is what I am trying to drag your attention to. Traders came down to point to blindly believe all the indicators served in front of them are good and profitable ones. It is next to impossible to find a fairly written review about indicators that would point out its drawbacks without trying to stuff it down into your shopping cart.
Even though I am not the biggest fan of Forex indicators, I use them occassionally and that’s why I decided to write about them. Not because I am not the biggest fan, but because I do use them at the end of the day. It is logical and natural cycle of events that people would praise their indicators at their own websites. But for God’s sake, what happened with the rest of traders’ community? Take an example of Bband Forex indicator. Hands down, it is simply useless, yet there’s not a single negative review about it out there. At least I could have found it no matter how hard I tried.
Never-ending list of positive reviews written by growing number of Forex bloggers is a severe cancer-wound I believe. Traders are already struggling with finding things that actually WORK and these guys giving positive reviews, before even trying the product itself, are not helping at all.