There are reliable technical indicators like MACD, Moving average and Bollinger band, etc are few of them. I think the use of indicators is very important. Choose one, two, or three indicators and learn the all aspects of indicators. Test them on a demo account. Do backtest for them. And analyze the result. Not all the traders find all indicators useful. Some understand MACD more and while other like Bollinger Band.

For me it is the best stochastic with levels 20 and 80. If the price is at 20, it buys, and when it is at 80, it sells.

Yes there are quite a few indicators that can be used. The ones you mentioned are quite good, especially the Moving Average, and I would add the Relative Strength Index and the Momentum Indicator.

In the world of trading, numerous reliable technical indicators help investors make informed decisions about buying and selling assets. These indicators analyze historical price data and market trends to provide insights into potential future price movements. Examples include Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). Moving Averages smooth out price fluctuations, indicating trend direction. RSI measures the speed and change of price movements, identifying overbought or oversold conditions. Bollinger Bands show volatility levels and potential price reversals. MACD indicates trend momentum by comparing two moving averages. While each indicator has strengths and weaknesses, combining multiple indicators can enhance trading strategies and improve decision-making, providing traders with a comprehensive toolkit for navigating dynamic financial markets.

Every trader, regardless of experience or expertise, is susceptible to making errors. These mistakes can stem from emotional reactions, cognitive biases, or misinterpretation of market data. Common errors include overtrading, ignoring risk management principles, chasing losses, and succumbing to fear or greed. Even seasoned professionals acknowledge their fallibility in the face of unpredictable market dynamics. However, recognizing and learning from mistakes is crucial for growth and improvement as a trader. By embracing a mindset of continuous learning and adaptation, traders can mitigate errors, refine their strategies, and ultimately enhance their performance in the ever-evolving financial landscape.