What is the best indicator to use for share / forex trading?
I want to find out other ppls methods to find entry and exit trigger points.
Extra tags:
- BEST INDICATOR TO USE,is there any etoro class in mumbai,the best indicator to use in forex trading,www technicalanalysisforex com
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Tagged with: entry • exit • trigger • trigger points
Filed under: Trading Forex
we use several indicators for trading. One profile using bollinger bands, another for 8/50EMA.
mainly we use bollinger bands as this shows a lot of information about what is happening in the market at a glance.
Have a nice day!
Jim http://jsforex.blogspot.com
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To gain more information ABOUT SHARE/FOREX TRADING,just gothrough the site
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GOOD LUCK
Each currency pair requires different technical tools. Moving averages are common. MACD has stopped working, Fibonacci never did (as far as I’m concerned). Stochastic appears to be the tool of the moment… but the details will depend on which currency.
Use this: http://technicalanalysisforex.com/
It’s the best available!
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
http://www.forexnewspatterns.com
These people are just trying to sell you stuff; a decent indicator service costs upwards of $100 a month, not worth it in my opinion. Rather than that just buy a trading system.
What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there’s no profit to be made you get a refund; there’s literally no risk when buying one.
If you’re interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/
I use support and resistance or pivots points.I would also stay with the trend fighting the trend can cost you money in the long run.
Just use Etoro, its always been the best and still is the best. I wouldnt trust any of the new ones.
http://www.etoro.com/B32_A4731_TClick.aspx
You can use my free trend indicators across multiple timeframes, they install on metatrader or any good charting package.
http://www.forexearlywarning.com/charts.cfm
http://www.flickr.com/photos/24224310%40N05/
Set price alarms as shown in the screenshots to monitor the pair of interest at critical support or resistance.
At the point of entry monitor this indicator for a go/no-go decision using the market monitor heatmap
http://www.theforexheatmap.com/
Good Trading
Mark Mc Donnell
http://www.forexearlywarning.com/