now a days trading is very difficult without using indicators. indicators help us to trade easily. and also help us to take steps.
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now a days trading is very difficult without using indicators. indicators help us to trade easily. and also help us to take steps.
For a mini account i would only advise you watch your money management plan. I dont know much about moving average because i have not had any real experience with it. I have only used parabolic sar as the indicators on the mt4 platform. Currently, i use custom made indicators that i found on forums or online from google basically. I make use of arrows and curves and this can even be used on your mini account depending on your time frame. I would suggest 1 hour and 4 hour time frames. Just take it easy and steady, with time you would be doing well.
Yes, I am really consent with you, if anyone wants to trade just only with two indicators then they must follow bollinger and RSI. they can start trade with bollinger breakout and RSI position indication. open your trade with bollinger and close your trade with RSI.
We need to select a good indicator cans BEFORE we apply in our trading. The best idea BEFORE we use it is to pre-screen indicator of the effectiveness of these so that we can better results during the trade. Do not use the indicator if it shows the trade result in a loss.
there are dozens of different types of technical indicators. every trader uses his or her favorites. yet most traders will agree that there are three indicators that every currency and they are moving average lines,bollinger bands,Average Directional Index (ADX) ..
account doesnt matter. moving averages are the indicators which serve as dynamic support and resistance area, so you must use the ones which MAs are used by many. and, 100 & 200 period moving averages are the one of that sort.
use of indicators for forex of trading analysis is quite helpful, both for data analysis, trend conformation and also saw the development of the price of every period can be helped by the indicator, Sharpen analysis with continued practice and a strong discipline and trained
indicators are very helpfull to us if we have totally information and knowledge about the indicators many of indicators available in metatrader platform i often to use the indicator of perabolic sar.
The simple indicators Forex trading strategy consists of two basics indicators:stochastic oscillator and MACD and provides entry ,exit and stop loss levels. the strategy was designed to buy dips in up trend and sell rallies in down trends , thus keeping the risk as low as possible for the trader .