Please tell me about different indicators used in Forex trading, and among all those indicators which one is the best especially for new traders.
:doubt:
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Please tell me about different indicators used in Forex trading, and among all those indicators which one is the best especially for new traders.
:doubt:
i use following five indicators most..
1. moving averages
2. parabolic sar
3. MACD
4. RSI
5. stochastic
using this i find some good trend in forex and hope find some more indicators..
thanks..
Now I do not know the best indicator, but some friends told me that are perfect: MACD and RSI, I need a professional trader to help me choose, because the role of the indicator is necessary at trading .
Indicators used in Forex help the traders but it is not sufficient in long term trade. so trade with your own analysis and strategy, never depend upon indicators fully. thank you.
There are many indicators in trading terminal you can see. But I think the more you use indicators the more you will be confusing. That's why you have to use the indicators that you think are the best. I use Parabolic, RSI, Bollinger Band, ADX, Moving Average. Among of the mentioned indicators I found Moving Average is the best indicators. A new trader can clearly get idea about the trend using Moving average.
Indicators used in Forex help the traders understand the buy and sell position. Some indicator is good for trader like moving averages, rsi and macd etc. Otherwise we can not fully depend our indicator...
actually, every traders have different indicators and the best indicators but it will not become a guarantee will works at another trader ..so you only need to get the suitable one and master it
and here is my suitable indicator for me,
stochastic, bollingerbands+MA, and zigzag..
and then we can combine with trendline
Now I do not know the best signal, but some buddies informed me that are perfect: MACD and RSI, I need an established investor to help me select, because the part of the signal is necessary at dealing .
actually dear I have used lot of indicator in my strategies for trading but most of the indicator goes to wrong and finally i have find out effective indicator by the suggestion of expert. now i have using this COBRA indicator in my trading and presume that this is safe for used in trading.
Most useful and popular indicators is: Bollinger Bands, Moving Average, Parabolic SAR, Stochastic and Zigzag. Zigzag is too good indicator. I don't use indicator. I'm trading only by naked chart. To become a successful trader, avoid all indicator and increase your ability. I think, Indicator's are a trouble for chart.