The best indicator of Forex Trading

The best indicator of Forex Trading

Everyone seems to want to learn the best forex trading indicator is it? If you were a popular forex forex forums as a plant, I'm sure I've seen your fair share of the indicators.
There are lots of them, especially when you consider all the proprietary indicators that people create.
Of course, there are also the generic indicators such as Stochastics, MACD, etc. .... that so many people use it.
But have you noticed anything? It seems to me that people are more fascinated with indicators than they are actually trading.
Why do you think that's the case? I think it has to do with the fact that so many traders feel like using indicators is a way to get out of this thing of trading. Let me explain.

The way most people use the indicators in a mechanical trading system. Thus, for example, they will trade moving average crosses. It's simple, right? Anyway, the kid can do it. You can power down your brain and only trade when your indicators say so. Is this the way we think most successful people trade? I really doubt it. I am not trying to make fun of him. I'm just kind of stating the obvious here.

If you are trading like this, and are experiencing success, then by all means, do what you do. If you are not, then I strongly encourage you to stop looking for "best" forex trading indicator. I'll give you a clue where it is: Just look in the mirror ..... it's you.




Previous Post

The best indicator for Forex Trading can be your mind
What is the best indicator for trading Forex? Ask that question to the forum Forex and get consensus.

RSI trend lines
RSI trend lines are particularly useful for large time frames.

The traditional use of the RSI indicator
Here's how I use these indicators. I look at where the RSI is on its mark is that for example, if RSI is below its mark as I know we are in down trend.

Formation gap.
To confirm that the downtrend has stopped, indicating the day of purchase is required.

Dynamic Doji - Reversal clear trend signal
What is the best method for making big trading profits? Knowing the direction of the trading entity and the strength of that move, Candlestick analysis of continuous trading strategy.