Hello friends how are you all?
I am a newbie on forex trading. I don't know Indicators how to work. So anyone expert can explain about indicators and how they work in forex.
indicators result is not always true. many times they give wrong result. but it is also true that without indicators, trading ls like a gambling. so, indicators are most of the time true and useful for traders...
Forex trade main boht se indicators hotay hai jo trade kurnay main humaray baday madagar sabit hotah hain isliyay humain un sub cheezon se guide line
laini chahiyay jo trade main huari madadgar sabit hoti hain
indicators are big time misguiders. i got misguided so many times using indicators and giving trades. yes in non trending or ranging market you can use certain indicators like stoich, but dont use it in trending market.
An indicator is a weak (usually organic) acid that changes its molecular shape with changes in pH. As the shape changes then the color of the solution changes.
For instance, phenolphthalein has one shape below pH 8 which is colorless and a different shape when the pH is above 8 which is pink. This is why we say phenolphthalein is colorless in an acid and pink in a base.
rsi oscillates between zero and 100 traditionally and according to wilder rsi is considered overbought when above 70 and oversold when below 30 signals can also be generated by loooking
I think thus too, the MACD may be a sensible indicator. MACD helpful for sleuthing oversold and overbought space. however it may be wont to see divergence.
I additional highly to|favor to|opt to|choose to} mix the MACD and CCI to be more correct in analyzing. CCI may discover divergence, which can not be within the show by the MACD.
My friend I would not recommend relying on Amahrat at all no matter how good the access to all Elsafqhlanha track the price and suffered heavy losses because we use only as an assistant in the analysis and the RSI and Bollinger Bands are the best indicators at all
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i also have trading experience with madc indicator. its really good indicator.
if we mix it with other indicator or other trading analysis system we got good result.
before applying any indicator in real trading we must study about that indicator.
Among the indiactors (RSI,CCI,ADX,BB,MACD etc) RSI,CCI,MACD are momentum indicators and they work in the same way but Bollinger brand is different.I think among them RSI,CCI and BB works well.And for learning those indictors,many websites and forex brokers provide free lessons.