I am a forex beginner. Which is the most accurate of MACD in forex trading?

[dailyforexnews]

I am a forex beginner. I've been trying different indicators to help me profit from forex trading, but most are complicated and difficult to understand. I am glad if someone out there can help me with something easy and reliable.

[Enivid]

For me, best indicator is no indicators . Try trading based on the chart patterns and price action. But sometimes I find RSI(14) quite useful.

[alessio09]

Different indicators are suitable for different traders. I use OsMA trend indicator. I`m used to its behavior and it helps me gain constant profits.

[FXexpert]

How long have you been using them??

[samjoseph]

Trading depends on 2 important factor that are indicator and chart pattern. Indicator varies with the trade system you accept. Chart pattern shows the profit and loss of price in currency. So study of chart pattern and indicator will help in trading with profit.

[Pinalli]

Originally Posted by samjoseph

Trading depends on 2 important factor that are indicator and chart pattern. Indicator varies with the trade system you accept. Chart pattern shows the profit and loss of price in currency. So study of chart pattern and indicator will help in trading with profit.

Yea, thats for short term only, if you are looking for a long term investment then only fundamentals can help you.

Regards

[Forexcube]

M1, M15, M30, H1, H4, daily, weekly, monthly... could showing different signals by using the same Indicators.
Indicators depends on Timeframes which will be using.

[vasan925@gmail.com]

Time frame M5 is good for short trading and H4 is good for long term trading.
This indicator namely IBS_BB2 is really good and successful by 90% when there
is a good trending market.

Vasan viswes babu. India.(chennai)

[Har]

Brand new member here:

Hello:
I know nothing about Forex, I am a retired man living on a fix income who needs additional money to make ends meet and hope to make some money in Forex.

Therefore my first step is to joint this forum, read from those who have experience and learn little by little; after all, I got plenty of time.

Among others, there are two common denominators in life, something we all do every day, even animals and plants cannot escape from; Learning and depending on each other, one way or another we are constantly doing that.

Consequently I am here to learn and will greatly appreciate goods advice.

Blessings

Har

[Pinalli]

Originally Posted by Har

Brand new member here:

Hello:
I know nothing about Forex, I am a retired man living on a fix income who needs additional money to make ends meet and hope to make some money in Forex.

Therefore my first step is to joint this forum, read from those who have experience and learn little by little; after all, I got plenty of time.

Among others, there are two common denominators in life, something we all do every day, even animals and plants cannot escape from; Learning and depending on each other, one way or another we are constantly doing that.

Consequently I am here to learn and will greatly appreciate goods advice.

Blessings

Har

Hi Har,

I understand your situation and i think its a great opportunity for you to make extra money through forex as you have ample of time. But be very cautious as forex fetches huge return but with equal risk. therefore i would advice you to read forex forums and free online tutorials as it would give you better understanding and training. After you are confident enough, step into demo trading with no actual money involved.....

In this way you could get trained without investing a penny and as you become trained you could enter live markets without much risk.....