Top 5 indicator you must have for trading forex

The problem with using indicators to analyze the foreign exchange market is that all indicators are second-hand; This means that instead of price data to look at itself, instead tries to analyze some variations of the price data and interpret it. When operators use indicators to make business decisions, they get a distorted view of what a market is doing. All you have to do is (the indicators) to eliminate this distortion and you get an unobstructed view of the price you make in a given market.

However, it just seems to be that many initial Trader of the intelligent website marketing program are cheated, trading-based indicators trading systems, or mistakenly believe that if they learn to master a complex and an indicator of ‘d’ “imagination” are extinguished for some reason They start making money forex candlestick patterns regularly on the market. Unfortunately, this can not be further from the truth. First, consider the two main classes of indicators and discuss why they are wrong:

Best analyze indicators

The indicators of the technicalKey indicators include popular indicators such as Stochastic, SAR Parabolic and Relative Strength Index (RSI), also called “oscillators” as they oscillate between a signal buying and selling signal or moving. The problem with these key indicators that they work terribly in the trend markets, because they have almost all the time where the market is the trend, the conditions of “overbought” and “oversold”. So, if a market is in a strong uptrend, an oscillator shows that the market is overbought for most of the uptrend, although it continues to rise for a long time. The opposite is true in a downtrend; Oscillators will show oversold conditions almost continuously in a declining trend. table come in two different forms; they are “lagging” indicators or “dominant” indicators. Delay indicators are also called momentum indicators, the most backward indicators are MACDs and moving averages. The laggable indicators claim that they help traders make money by tracking trend markets, but the problem is that they are the balloon ‘behind’, which means they trigger a buy or sell signal to a trend market that the market already started to develop. and he is probably ready for a setback against the trend.

Trend indicators

The other problem with leak indicators such as the MACD and moving averages they will tear in the consolidation of outside markets; Trigger buy and sell signals only when the market is ready to hand over the other side of the trading range or consolidation zone and test again. In fact, the only real benefit that lagging behind best forex indicators is to identify a trend market, and I actually use some moving averages to help identify trends. Take a look at my Price Action Trading Course to find out exactly how I move moving averages with my action price settings, they are the only indicator that I use it, and I only use them for identifying areas of interest. dynamic support and resistance.

 

This article was written by Harry07