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I like the Relative Strength Index the most. It can be used with Moving averages or Stochastic Oscillator to analyze the current price relative to the price range over a number of periods.
Thinking of forex as a means to quick reach can set really high goals in the minds of new traders. In an attempt to achieve these goals, they end up losing what they already had.
I’m a part-time position trader.If in the future I’ll start earning consistently to pay off all my bills I may think of doing it full time. However, I am the kind of person who doesn’t like closing one income stream for the other. That's why I’m trying to get better at long term strategy. It’s...
I think trend indicators are best for scalping. Moving averages used in combination with Bollinger bands and Relative Strength Index works well for scalpers.