Best trading tools about which most of the new comers are unaware.

[alekine]

If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesn't want to go up. Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.

[lanre01]

yes you are very correct, but i think price action is above every other indicator out there, because most of them lags, price most have moved appreciably before the indicators signals.

[boriss]

Traders often purchase shares this way in an effort to reduce their initial entry price. Only bad investors average down by buying shares of a sinking assests to decrease their overall average price per share. This Forex trading strategy is hardly ever effective, and is often like throwing good money after bad. It also magnifies a trader`s loss if the share keeps dropping.

[namrood]

It is best for those who come new in this trade to go ahead slowly with small trading. Demo account is preferable for to avoid bankruptcy.it maybe strictly suggested that newcomer should know details of forex trading and follow accordingly.

[Chow.ash]

it is good thinking.Moving averages are very good tools to find the trend direction and it is use in forex market broadly by the experienced and expert forex traders. It gives strong signals with momentum indicators. I use moving average with stochastic and MACD.

[mmja2003]

I follow the moving average and RSI. I also find that moving average shows the trend smoothly. I use Simple Moving Average at 20 and Exponential moving average at 5. When one crosses another or will go to cross another I can predict the market near future trend. Besides this, RSI also helpful to the price movement. I rely on these two indicators maximum time.

[lionfx]

I am not conscious about strength based signs so far and i have not used these in my dealing ever. But i consent going earnings are value to be followed i adhere to these factors while determining to business as they act as excellent assistance or level of resistance factors.

[halk11]

I think Forex is a good job.Best trading tools are Moving average and bolinger band.when you can combine these two indicator, then you can get good profit. It's give you strong signals with buy or sell indicators too.Best of luck.............................................. ...................

[pitra7]

yes, i agree with your post... the best indicator is the simplest indicator... and that is moving average indicator... because moving average formula is just calculate average depend on time... i always use moving average to trade, and i usually compare moving average with bollinger bands...

[fxmoney]

Fibonacci retracement is one of the useful toll most of the traders do not know when they are new to the forex market. They just know that it is something. but they must have to understand the meaning of the tool as it provides you the major levels from which you may see major support or resistance on the forex pairs.