General Best way to trade the forex market

[Olawalefx]

Please everyone, what is the best way to trade the forex market? Price action or the use of indicators?

 

[Sandra Tennyson]

The best way is how we can feel safe and comfortable, it is where I feel good with FreshForex broker, as thanks to them, its so simple with low spreads, smooth trading platform and my favourite 101% tradable deposit bonus, it all helps with moving things right.

 

[mattybratley]

Please everyone, what is the best way to trade the forex market? Price action or the use of indicators?

Personally I use a mixture of both however most of my focus is on price action whilst I use indicators for confirmation

 

[Ryanchan778]

This is a great question and the choice between price action versus trading indicators is a long and hot debated topic. In reality, these two are not as different as they seem. In technical charts, like candlesticks, you get to visualize price action. So, essentially indicators are just another way of using price action to make predictions. Charts just apply formula to the same price action.

I have heard many traders say that indicators are lagging but this is not correct. Yes, indicators take past price action. But traders using price action alone do the same thing. So, both are lagging. To make it less lagging, you can set a shorter timeframe for your charts.

Some traders also believe that using charts is complex. But it is not. If you are with a good broker and on a powerful platform like MT4, you can just drag and drop indicators onto the chart. A good idea is to practice on a demo account. Also, when I joined Axiory, I received a 50% bonus. That added more muscle to my trading account and I could use different indicators across asset classes.

 

[Ryantolani]

Personally I think you have to look for what suit you. What kind of trader you want to be and how you want to approach the market.