Traders, usually when just starting out to know many types of indicators such as MAs, moving averageges, and lot more. How common beginner's mistake is to apply a bunch of indicators to a chart without actually knowing how they're calculated to how to interpret their values.
The important thing is do not over complicate your trading system.This can lead towards something called analysis or indicator paralysis and contrary to what you were trying to achieve, it will only worsens your trading. Before using an indicator, it is crucial to understand how it works and what it actually indicate. Most beginners don't understand that indicator has essentially interpreted their price action in a different, supposedly easier to understand way.
The important thing is do not over complicate your trading system.This can lead towards something called analysis or indicator paralysis and contrary to what you were trying to achieve, it will only worsens your trading. Before using an indicator, it is crucial to understand how it works and what it actually indicate. Most beginners don't understand that indicator has essentially interpreted their price action in a different, supposedly easier to understand way.