Traders just entering the market are often overwhelmed by various indicators. In fact, it doesn't have to be so complicated—mastering 5 indicators can cover most scenarios.

**Simple Moving Average (SMA)** is the easiest to get started with. It connects the average prices over the past few days, helping you see the overall direction of the price. Beginners can start with the 5-day or 10-day SMA, which is especially suitable for capturing short-term fluctuations.

**Relative Strength Index (RSI)** is a tool to gauge market momentum. When RSI exceeds 70, it indicates strong buying pressure and potential for a pullback; below 30 suggests the opposite, possibly indicating overselling. Using this indicator can help you avoid rushing in during extreme conditions.

**Fibonacci Retracement** sounds mysterious, but it’s actually based on a mathematical pattern to identify support and resistance levels. When prices bounce back to these key levels, reversals often occur, making them worth paying close attention to.

**MACD** is the most popular. It tracks the relationship between two moving averages to determine trend direction. When the fast line crosses the slow line, it’s usually a signal of a shift in market sentiment—this can be a cue to buy or sell.

**Volume Indicator** reflects participation. High trading volume indicates strong interest, making price movements more convincing; conversely, low volume during price changes may be less reliable.

Using these five indicators together can help you understand the market from multiple angles. But remember, indicators are just references—they’re not 100% accurate. Combining them with risk management and your market intuition is the key to consistent profits.