before using a indicator we all have to analyze every indicators,because indicators help us much in trading. so if we get good indicator, it will be helpful for us. thank you.
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before using a indicator we all have to analyze every indicators,because indicators help us much in trading. so if we get good indicator, it will be helpful for us. thank you.
Different Indicators can help forex trader in different ways. Indicators provide us the information about the market and also let us know about the current position of market. Information from Indicators can be used directly to trade forex or can be used in analysis by traders. Not all indicators are helpful in every condition. I always suggest forex traders to never rely on any indicator without analysis by yourself. It is better to use indicators for analyzing the market rather then to directly trade on the basis of information received from indicator.
Yes indicator is very important for the Forex market to get good indication about the market and without the indicator trader cannot get proper idea about the market price, i think MACD indicator is quite good.
yeah so true that sometime indicator helps us to understand the market price action. but we should not blindly believe on indicator. first we should check whether indicator's signal is matching with news feed or not. if they matched then we can open position. so we should not open a position just depending on the indicator rather we should make good analysis of news feed before opening it. because indicators do not give true signal always.
indicators are like maps that help us to find the way, if we went looking for a place without a map so we might as well be lost if we are trading in forex without the use of indicators, we are likely to be lost as well.
we have hundreds of indicators on the chart, the best thing to do is to study how they work and possibly choose the one that would be more appropriate for your trading personality.
in order to get a clear picture of any currency pair we should have to use indicators .some price action traders don't use any indicators .when i am analyzing a chart i use stochastic, moving average ,with heikenashi candlesticks .heikenashi is a effective indicator it helps lot to reduce the noise .
indicator helps us to know the position of the market.Indicators can help you to find out what happened or changed as a result of your organisation's work and other factors, and can help you to ask further questions about how these changes happened.