I know I’ll get responses like, "this is a big boys game" and "don’t come into this so naive little one" I understand that there is MAJOR risk in FOR-EX but you’ll never get anywhere playing it safe. I’m using a demo account right now and working out all my errors. I’m curious as to what are some good indicators that are reliable and work well with each other. Bonus points if you can effectively explain how they work.
Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random
Related posts:
- what is the best strategy and indicator to trade forex successfully?
- How can i save an mt4 forex indicator created in notepad for it to function well in the metatrader platform.?
- I am a forex beginner. Which is the most accurate of MACD in forex trading?
- what are the bes indicators to use in the forex market?
- I am a forex learner. What is the most accurate of MACD in forex?
- Anybody using Nathan Indicators to trade FOREX?
- Where can i get a free forex mq4 / mt4 buy/sell signal indicators for download?
- where can i get free forex softwares and indicators?
- what is the adequate level of forex of any country? What are the adequacy indicators used?
- I'm looking for free forex buy and sell indicators?
RSI, MACD, Bollinger, Slow Stochastics, SAR, Elloitt Wave. There are a bunch, but thats a view I use
Stochastic533 and EMA34 cross.
I am not a big fan of indicators because none of them realy works. I know a lot of pro’s will disagree and I truly understand. I have been trading and testing theseindicators for years. All of them is lagging. Indicators are only good after the fact. Anyone can show you a great move on any indicaror after the fact, but none of them is reliable when it comes to live trading. The only indicator I use is a pivot point system base on support and resistance level in the market.
It is a custom build indicator that provides close to precise pivot points system. What makes this indicator unique is because is follows the price action between diferent point of support and resistance. To make this more effective we use it in connection with a tweaking version of the stochastic for entry purpose..Using this with our 10 pip system works.
At least this is my indicator of choice.
for others, this might be different.
Good luck