In forex trading, which indicator works the best?
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Filed under: Forex signals
ALL or NONE of them. It’s a matter of how the trader uses them to become powerful tools in any financial market – forex, equities (stocks), commodities, etc. From my experience, the greatest technical traders in the market are those who have a good sense of where the major support and resistance levels are.
When trading the Forex market you need a trading system with good money management rules. So the answer is that you need a combination of indicators that complement eachother. you then set up your rules for how to use them and then consistently trade using them.