If we can gain experience to know how to use the indicators then they will be so helpful in predicting the market future movements, it is so important not to be confused during using it
Printable View
If we can gain experience to know how to use the indicators then they will be so helpful in predicting the market future movements, it is so important not to be confused during using it
indicator is powerful tool in forex trading.by using indicator we can somehow predict what will happen next in trade.we should take advantage of indicators.
Indicators in the business of forex trading can help we traders to know the right direction that a market pair will be headed to. I believe personally that all newbies and beginners in forex must try their best to make profits in forex trading business through the application of indicators in their forex trades.
indicators help you to know when to get into the market and when to leave the market, you really have to use them, you can know how tou leave and when to avoid trading with emotions. get a good grip of what hapenned and the have some good trades.
---------- Post added at 01:16 PM ---------- Previous post was at 01:14 PM ----------
and with the recoded data you can be able to know when you enter,and leave the market, it is also good in that you get to understand the past of a certain currency pair. they are very helpful.
---------- Post added at 01:17 PM ---------- Previous post was at 01:16 PM ----------
I have never been intreasted in knowing bollinger bands and all these kind of staffs that happen you really have to be a good trader and know how to do it.
Indicator help to determin the price of pira mean it tell us about next move and about the strength of move, if we make a combination of indicators than we can prediuct market well, as you all depend on prediction if we predict well that mean we can earn well and if we fail to predict that means we need to learn more about indicators and market.
Volume indicators can be used to gauge trading volume, which in turn helps generate various signals in online forex trade. First of all, volume of a given period shows the traders’ interest in the forex market. A rising volume signifies rising market interest while decreasing volume shows the lack of interest in the market. Secondly, volume can also be used to identify reversal signals; if the trading volume is huge but the price drops, it implies a possible reversal of the present trend. If a price moves upward or downward for a long time and then begins to stay in a range with little movement but heavy volume, it usually indicates a reversal in online forex trade. Moreover, Volume can be very useful in identifying bullish signs. If the price is relatively low and volume is relatively huge, it shows that traders are expecting a bullish market in online forex trade. Furthermore, volume can be also used to identify false breakouts. If a price breaks out the range, a rise in volume may indicate strength in the move; conversely, little change in trading volume or even declining volume implies lack of interest or possibility of a false breakout in online forex trade. Traders are able to use volume to indentify false breakouts in online forex trade.
In my view Moving Averages is more easy then BB. Moving averages are easy to understand and are used widely in the world. In fact BB are also good but to use BB there are many strategies. It depends on the trading style of the trader to choose the best indicator for him.
Indicator can help a person but can not give a clear decision to take. Because indicator gives results following on chart.
So I suggest to learn chart first.