The Most Popular Forex Indicator?
September 14, 2009 (Last updated on July 31, 2013)
Indicators are great tools that allow forming trading strategies and systems in Forex. They present an easy-to-understand visual form of what’s going on in the market (on the chart, actually) without requiring a trader to perform various rather difficult and time-consuming calculations. Modern trading platforms, like MetaTrader 4, allow traders to create their own indicators but there are several popular standard indicators that re used by the on-line traders on all platforms and with all brokers. I prefer using the chart without the indicators but occasionally I add some of them to confirm my assumptions about the market. I prefer using the simple ones and I try to avoid those of them that I don’t fully understand (like Ichimoku Kinko Hyo). And how about you?
If you want to share your thoughts on using the standard chart indicators in Forex trading, please, feel free to reply using the form below.