Which forex indicators you use?
Originally posted by mrinaliniI use indicators like MACD , Moving Averages , Relative Strength Index , Bollinger Bnads for trading and these indicators work well on stand alone basis and also when they are combined together. One can try different combinations first in demo accounts before they trade in real account.
Using confluence concept in forex is also an art. Not all can trade in this style. Usually traders use 1 or 2 indicators.
I use the MACD, I think it can reduce the delays obtained with the simple moving averages.
Originally posted by illiterate
Originally posted by mrinalini
I use indicators like MACD , Moving Averages , Relative Strength Index , Bollinger Bnads for trading and these indicators work well on stand alone basis and also when they are combined together. One can try different combinations first in demo accounts before they trade in real account.
Using confluence concept in forex is also an art. Not all can trade in this style. Usually traders use 1 or 2 indicators.
It requires years of trading expeirence and knowledge to trade without the indicatos and newbies can not trade without them as they do not have any idea about the markets and thus they consider the indicators to trade with the trend .
I use bollinger bands, MACD, an fibonacci retracements
I do have things like RSI and Williams %, ADR, pivots on my charts, but they are really of secondary importance - I don't trade straight off these, as they repeatedly give bad signals.
I use MACD because its best and i am making a huge amount of profit with the help of it and i hope i can be a millionaire if i work hard and give my best all the time .
How are you using the MACD?
Well MACD is my favorite one and i am using it since a long time and i hope it will be more helpful to me for future also and i am just working hard here in this businbess to became a good forex trader .
Well, how do you use it? And you don't need to keep on saying how you are working hard blahblahh
Bollinger and MACD this is my two favorite indicator and i am just using it and taking some ideas and also i am using my strategy to make a good amount of profit through it.