Some good indicator of forex trading

[rilo512]

Commonly used indicators in forex trading include:

1. **Moving Averages:** Smooth out price data to identify trends.

2. **Relative Strength Index (RSI):** Measures overbought or oversold conditions, indicating potential reversal points.

3. **Bollinger Bands:** Show volatility and potential reversal points based on standard deviations from a moving average.

4. **MACD (Moving Average Convergence Divergence):** Highlights changes in strength, direction, momentum, and duration of a trend.

5. **Stochastic Oscillator:** Identifies overbought or oversold conditions, signaling potential trend reversals.

Remember, no single indicator guarantees success; it's often beneficial to use a combination and consider other factors like market conditions and news.

 

[sgsetiadi]

I only use exponential moving average to find trend direction, and Relative streng index to find divergen and turning point trend reversal.

 

[John Miller]

Forex is a money-making machine if you can proper trade in the market. All categories of traders are not successful from here.Compile trading strategies with great prudence. You can start trading with FXOpulence broker because the broker allows traders with a whopping 1:500 leverage and narrow trading spread.

 

[pippin]

Commonly used indicators in forex trading include:

1. **Moving Averages:** Smooth out price data to identify trends.

2. **Relative Strength Index (RSI):** Measures overbought or oversold conditions, indicating potential reversal points.

3. **Bollinger Bands:** Show volatility and potential reversal points based on standard deviations from a moving average.

4. **MACD (Moving Average Convergence Divergence):** Highlights changes in strength, direction, momentum, and duration of a trend.

5. **Stochastic Oscillator:** Identifies overbought or oversold conditions, signaling potential trend reversals.

Remember, no single indicator guarantees success; it's often beneficial to use a combination and consider other factors like market conditions and news.

Effective indicators in forex trading include Moving Averages for trend identification, RSI for overbought/oversold signals, and Bollinger Bands for volatility assessment. Combining these tools with a comprehensive strategy enhances decision-making in the dynamic forex market.

 

[leexponent]

What about Fibonacci? It is quite useful because many people use it, and it's like self-prophecy.

 

[Fin_Trader]

In my trading I use sloping channels, support and resistance levels, as well as trend lines.