Best Forex Trading Indicators
What is Best Forex Indicator?
I’ve been trading FOREX in a while, I used various inidcators such as MAs, Stochastic, MACD, RSI, and countless others.
However, none of them really works well for me in most cases.
MAs cross-over is hard to predict. Always fit better after the facts. For example, like MA (9) crosses MA (14) or MA (14) crosses MA (32) , I even tested many other flavors of MAs claimed offer faster and smoothier movements. Of course, if MA (9) didn’t cross MA (14) and failed to your expectation of the movement, MA (3) crossed over MA (9)…
Can you tell me other Forex trading indicators? What is best forex indicator?
There are three real-time moving indicators: Price, Volume, and of course Time.
Most traders focused on PRICE indicator and hundreds of other indicators derived from it, they miss two other important indicators – VOLUME and TIME. What moves the price? VOLUME and the forces driving the volume. How to see price movement? Over TIME. You need to observe Price, Volume, Time and their dynamic interactions.
The best Forex indicator (or for any other financial market) is Market Profile. More information on market profile trading can be found at:
http://www.squidoo.com/stock_technical_analysis
Or Google search “simple best technical indicator”.
Cheers!
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