you use to trade it???
For example, the charts on the 30 min., USD/JPY have been "meandeing" or have not rallied in any one direcetion for the past 24 hrs.. Which technocal indicators do you use on your chart to identify a good trading opportunity?
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about forex trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to forex trading indicators, the answer has been posted in the categories listed below:
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When the market is going sideways, the best technique is… to stay out and find another one that trends. If you want to try anyway trading support and resistance is your best bet. Indicators are too slow. But I found out the hard way that the risk-reward ratio is not good enough for non-trending markets.
I’ll agree that a good training program is what you need. I had this question before and just ended up confused because of no real clear answer for this.
Just alot of people saying why I should not trade in this situation and others giving conflicting advice.
You can trade if you have the right training program. Here is a review site that will show a few of them.