How to use forex indicators

#3
Indicators in forex can be a great deal of help in identifying trends and making effective trading by traders who knows airport car pick up how to use them. With the use of indicators the trader can make quick trading response. But most traders find it difficult to understand its usage . These videos is something that i find very helpful.https://www.profiforex.com/education/analysis/ and https://www.profiforex.com/education/professional/



I am ready to learn from you. And thank you very much for helping us the average traders.
 
#4
The most popular indicators are: pivot points, fibonacci, MACD, stochastics, moving averages, RSI, boll.bands, candle patterns and ofcourse handdrawn support and resistance lines...
 
#6
The only indicator I use (have installed on my Hotforex platform) is MACD. I'm not paying much attention to it because I trade using fundamental analysis and limit orders.
 

radex78

Active Member
#7
Usually in metatrader already installed default indicator like as bolinger band, moving average, stochastic oscilator aligator etc, how to put indicator we just need click indicator and then these indicator will placed on the chart, we can modify value of these indicator, in my own of view indicator is only help tool for trader, often I am trade without indicator and only use candlestick price action as my indicator.
 
#8
There are four types of indicators in forex market:
A Trend-Following Tool
A Trend-Confirmation Tool
An Overbought/Oversold Tool
A Profit-Taking Tool
The right use of such tools require technical knowledge and research skills.
 

radex78

Active Member
#10
So many indicator on forex chart, many trader if they expert on programme mql also they can created custom indicator for mt4 platform, but however indicator only as help tool will better also we having understanding with our concept trading, because not all trader will using same indicator in trading
 

ahmadvipro

Active Member
#11
So many indicator on forex chart, many trader if they expert on programme mql also they can created custom indicator for mt4 platform, but however indicator only as help tool will better also we having understanding with our concept trading, because not all trader will using same indicator in trading
we have to be smart in trading, with the use of indicators that can help us in its market analysis will be easier. and try to use the funds affordable ViproMarket first in order to be more wise in an order.
 
#12
Now adays if you search the net ,you can find several ways to use and to get benefited by the indicators and its nothing too hard at all ,for that first we have to trade in the demo to get benefited in real.
 

radex78

Active Member
#13
For beginner they can using indicator that they already learned, many kinds indicator in forex but if seeking perfect indicator might not available in trading, sometime loss because indicator giving false signal trading and with experience might they will find out own style trading
 

radex78

Active Member
#15
We can using indicator as help tool, but we can't trust hundred percent with these indicator because in fact no perfect indicator, and for some trader they can trading without indicator and most important is we understand what we don in our trades whether using indicator or without indicator
 
#16
Although I appreciate your contribution! But in order to my trading experience, without proper technical and fundamental knowledge, only indicators are not enough! You need to work with whole scenario of your trading chart not only one or two specific pattern! On the other hand, update your trading skill by learning new thing on technical, news trading and your daily trading performance!
 

radex78

Active Member
#17
Learn both is good even technical analysis or fundamental analysis, sometime news high impact also giving instant impact to the market but sometime not giving impact, every trader might even using technical analysis basicly but reading news update also as one filter because many trader that based on technical stay away from the market when there are news released.
 

boniez

Active Member
#18
You can read the usage indicators are fundamental so that through a combination of each indicator, you can decide a good conclusion to give you profit
 
#19
do not forget to continue to evaluate in order to improve trading skills that we have become better. because if we continue to evaluate us will surely be more careful and be more to learn from experience or from subsequent error
 
#20
Indicators are utilized for technical analysis. All indicators are inconceivable on the off chance that you know how to utilize it and when to utilize it. All indicators are slacking. This is extraordinarily since they are totally figured from striking expenses and there is unquestionably no verbal confrontation to express that cost makes rapidly that recommends pointers can be used to gage cost. I have not found one that predicts the market. I like binary options. In like manner, for my trading I fundamentally utilize volume marker. I trade at lxmarkets.com broker. It is one of the best options brokers. They have the best payout rate in binary options field. They have numerous options variations for their customers. They have best trading platform over the globe. You can open a demo account with them to test their platform.