Key Issues of Forex Indicators

[anil595]

In the economic literature, you find the value of bilateral exchange rates, ifor example, the exchange rate of the euro against the dollar, the pound sterling against the yen, and so on.

Caution, however, the values given can be punctual (for example the exchange rate of the dollar in late afternoon) or the average of a period (the tables of the "trends" are expressed as monthly averages). In the latter case, the variability of the exchange rate is less since the average will be "smooth" fluctuations in the period.

You can also find multilateral exchange rate. It is in fact an index of bilateral exchange rates, ie a weighted average of the value of a currency expressed in different currencies. For example, the first table of the "trends" is the exchange rate of dollar against the currencies of 10 countries of the G10.

[andy003]

Its true that there are no such magic indicator or sets of indicators that would make anyone rich in a short span of time.Several traders spend years and years demanding to find the sacred Grail of trading-That thrilling indicator or set of indicators, only recognized by a few traders, which will make them rich in a short period of time.

The fact is there are no such magic indicators or sets of indicators that would make anyone rich in a short span of time. The main cause of this is for the reason that market changes, every single moment is unique.The combining of the right group of TA indicators with discipline and adequate trading capital has been the road to fortune for many traders.

[wayne43]

I will make it to the point.

Indicator is depend on:

- Time - Maybe its take a long time to achieve the golden...
- Market Changes - Absolutely Exchange rate
- Working Group
- Discipline

- Magic?Who is think about it?

Every traders has different method.

That all i learn today..

[onliestock11]

I like this, caution has to be taken whenever you are trading money. I totally agree with this.

[FXexpert]

Forex indicators or trading signals can be very helpful to traders of all skill levels, however there is no substitute for experience.

[jimb12345]

experience is definitely the key for forex trading. You need to get alot of
training then open a practice account. Always there yourself before you trade.

[Pinalli]

As with most technical indicators MACD determines the trend. If you stay with the trend you could become a successful forex trader. Finally in a practical sense MACD denotes the simple convergence of two moving averages. For example, it could appear as the average price line for the past week crossing over (perhaps up or down) the average price line for the past two weeks. A rising MACD indicates a rising price. When the two lines meet it is considered a neutral situation. Finally a decline below neutral usually indicates a short term declining trend. As a beginner it would suffice to know just the basics of MACD as elucidated above. But if you want to know more of the MACD and how it is constructed you would do well to join forums or search the Internet.

[FXexpert]

Yes and while Forex indicators can be helpful, there's many types of analysis that can be mastered for free.

[Pinalli]

Originally Posted by FXexpert

Yes and while Forex indicators can be helpful, there's many types of analysis that can be mastered for free.

Thats right!!! Internet is a resource for that.

[JamesW]

Whatever technical indicators you use, it's money management that is the most important factor to determining your success.

Even the most basic of trading methods can be made profitable if you keep your losses small and let your winners run. For instance if you just use a very basic system on the 1 hour charts and set your stop loss at 20 points and your target price at 100 points, then you only need a success rate of 20% (or above) to make money.