Indicator for Beginner...!

[amitsaha]

the range, in which the currency pair was trading and if the top/bottom is significant enough it marks it with the dot. This indicator redraws itself on restart and thus shouldn't be used for generating trading signals as the dots' position may change. Both MT4 and MT5 versions of the indicator are available.

[orchid]

For example, if you have gone long in one lot of EUR/USD you can close out that position by subsequently going short in one EUR/USD lot (at the prevailing bid price).

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Example of How FX Trade Works
Trader's Action Euros US Dollars
A trader purchases 10,000 Euros in the beginning of 2001 when the EUR/USD rate was .9600. +10,000 -9,600
In May of 2003 the trader exchanges his 10,000 Euro back into US dollar at the market rate of 1.1800. -10,000 +11,800
In this example, the trader earned a gross profit of $2,200.

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Quoting Currency Pairs

Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the "basis" for the buy or the sell. For example, if you BUY EUR/USD you have bought Euros (simultaneously sold dollars). You would do so in expectation that the Euro will appreciate (go up) relative to the US dollar.

[fx king sylhet]

I think for beginner Moving average, Stochastic, RSI, MACD, ZigZag are very good, All of those i think MACD is the Boss. You can learn about indicator by various kinds of forex Site.

[orchid]

How an FX Trade Works

In the FX market you can buy or sell one currency for another. When you buy a currency, you are said to be "long" in that currency and when you sell a currency, you are said to be "short" in that currency.

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As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies in order to make profits - since the objective is to earn a profit from their position. Placing a trade in the foreign exchange market is simple and the mechanics of a trade are virtually identical to those found in other markets.

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Because of the symmetry of currency transactions, you are always simultaneously long in one currency and short in another. An open position is one that is live and ongoing. As long as the position is open, its value will fluctuate in accordance with the exchange rate in the market. To close out your position, you conduct an equal and opposite trade in the same currency pair.

[whiteid]

indicators that can be used by beginners course can be tailored to their wishes, and should we begin to understand that there is a standard indicator in MT4 platform. we can begin to study the moving average indicator, or stochastic.

[shohagpal]

Easy Forex Stratigies For Beginners: In order to avoid these most new traders will instead spend most of their effort searching for the most dependable forex trading systems. This again will reduce any interest gained or paid considerably. When the forex market was first introduced it was not open to the general public and they did not have mainstream online trading, and get more info about Easy Forex Stratigies For Beginners below. If you do this you are on the road to Foreign exchange trading success; this has always been the way to win and always will be.

[mashbahah]

For me, a lot of causes prices to move mainly because speculators where the price movement when it happens suddenly, so we are not to move on from the start, as well as indicators that we use can not necessarily read it from the beginning

[sarwina90]

as a beginner you can study stochastic indicator, Moving Average, or Bollinger Bands. In addition you can also learn the art of reading and trying to learn the wax price movements of these candles. If you have trouble doing so then you should be trading using economic indicators.

[truegoa]

Agree with you . newbie can use bollinger band to use as a indicator and specially for support and resistant level . beside they also use moving average which may give about price action . and its better not to use too many indicator which may make them confused.

Well, bollinger band as an indicator to determine support and ressistant level sure can be used. But, in my personal experiences, in some chaos market will not run well, since it can produce invalid signal. So, just be careful to use it! Then about your suggestion not to use too many indicators at once, I think that will be good idea. Even, in my opinio, we should strip out all indicator lays in our chart to find better and clearer views about market price's sentiment and expectation.

[hend]

There is no doubt in it that indicators helps a lot in trading and getting profit but you must have to practice and master them in demo account then apply them to real trading. You can find many indicators on internet I usually use Trend Indicators in which Advance Decline Line (ADL) and Stochastic RSI for Momentem indicator.

yeah right, before we actually use real indicators to trade, we must learn first indicator in trading demo account. for each indicator created different use. Therefore we have to study well, so that we will be able to leverage in using the indicator. so we can minimize errors in the use of indicators in real trading. so we will not have a lot of losses.