Overreliance on a single indicator 2. Ignoring market context 3. Lack of backtesting 4. Inappropriate parameter settings 5. Emotional trading decisions.<\/li>\n<\/ol>\nHow can overreliance on a single indicator be avoided?<\/h3>\n
By using multiple indicators and confirming signals before making trading decisions.<\/p>\n
How can lack of backtesting be avoided when using the indicator of future price action?<\/h3>\n
By testing the indicator on historical data and analyzing its performance before using it in live trading.<\/p>\n
How can emotional trading decisions be avoided when using the indicator of future price action?<\/h3>\n
By setting strict trading rules and sticking to them, regardless of emotional impulses.<\/p>\n
Objection handler: “I’ve been successful with just one indicator, why do I need to use multiple?”<\/h3>\n
While it’s possible to be successful with one indicator, using multiple can provide more confirmation and reduce the risk of false signals.<\/p>\n
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![\"Master](\"https:\/\/burst.shopifycdn.com\/photos\/arms-reach-into-pile-hands-on-top-of-each-other.jpg?width=800\")
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