When you look from the technical side, you will take your trading positions based on the supply and demand methods, because technical analysis is the most simple and the most objective analysis available, you just need the best forex indicator to identify the movement of the market prices.
Generally, this technical analysis is the main strategy of most of foreign exchange traders around the world, I also trust a good and accurate technical indicators and analysis systems that used by traders.
I also do not take a trading position purely only from trading signals made by forex indicator alone, but in other words, forex technical indicators can give accurate suggestions in helping the market analysis. If you are forex trader, you just need to know that there is truly no such thing as a forex leading indicator. You should bare in your mind that there is no 100% accurate signals made by forex indicator and until indicators can consistently define the next movement, then all things are unlikely to change shortly.
The most traded forex trading indicators from oscillator group are Relative strength index, stochastic indicator, Commodity Channel Index and etc. The oscillator indicator picks to trade is truly entirely up to trader decision, but I can just want to suggest using more than one at a time truly for reason that in essence. Even every indicators above have a different in its formula, these indicators have the same method of giving a forex trader trading signals of when a forex trading market is moving in overbought or oversold area.
Generally, this technical analysis is the main strategy of most of foreign exchange traders around the world, I also trust a good and accurate technical indicators and analysis systems that used by traders.
I also do not take a trading position purely only from trading signals made by forex indicator alone, but in other words, forex technical indicators can give accurate suggestions in helping the market analysis. If you are forex trader, you just need to know that there is truly no such thing as a forex leading indicator. You should bare in your mind that there is no 100% accurate signals made by forex indicator and until indicators can consistently define the next movement, then all things are unlikely to change shortly.
The most traded forex trading indicators from oscillator group are Relative strength index, stochastic indicator, Commodity Channel Index and etc. The oscillator indicator picks to trade is truly entirely up to trader decision, but I can just want to suggest using more than one at a time truly for reason that in essence. Even every indicators above have a different in its formula, these indicators have the same method of giving a forex trader trading signals of when a forex trading market is moving in overbought or oversold area.
