Posts Tagged ‘indicator’

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Are More Indicators Better in Forex Trading?

This video is about using multiple indicators in forex trading. Is more indicator better in forex trading? The answer is no. Unfortunately, many traders around the world just search for new indicators. You may see advertisements about selling a lot of indicators for cheap price. People do buy them. But you don't need a lot of indicators for making money. Some traders want to make things complicated […]

How to Enact MFI or Market Facilitation Index Strategy in Forex?

In this video, you will learn about the Market Facilitation Index indicator. This is a technical indicator to measure volatility. But this indicator does not tell you which direction market is heading, bullish or bearish. It helps you identify various market conditions and helps you to enter, and when not to enter a trade. This indicator uses bars that are colored to indicate different activities of the market. […]

Simple Moving Average Crossover Strategy

In this video, you will learn how to use moving average crossover to enter a trade. With this strategy, there are two simple moving averages, the 50-period, and the 200-period. For a downtrend, the 50-period MA is below the 200-period MA. When the 50-period MA is above the 200-period MA, then it is an uptrend. As you can see, the 50-period MA reacts faster to price changes. The 200-period MA is responding slower […]

The Best Indicators in Forex Are Free

In this video, you will learn about the free indicators that are available on your MetaTrader platform. If you are a beginner in forex trading, you need to understand that you don't have to purchase your trading platform such as the MetaTrader. You get it along with your demo account, once you register with a forex broker. If you have enough practice, then you can […]

Magic Multiple Moving Average Signals and Formations

In this video, you will learn how to use the multiple moving average trading system. When the moving averages stay close and create a figure like a knot, then this is a signal for consolidation. What you need to expect after this knot is a break out of the market with huge volatility. So, keep an eye and place limit orders here with a stop-loss. After this knot phase, the market develops […]

Forex Trading — Price Action: Candlesticks with RSI

In this video, you will learn about how to combine the RSI indicator with candlestick reversal patterns to enter short positions in the forex market. As you can see, this is the 4-hour AUD/USD chart. There are higher highs and higher lows. So, this is an uptrend. You need to add the RSI indicator in your MetaTrader platform. Now, you need to add vertical lines to your chart, to identify the highs. […]

The Best MACD Indicator for Trade Entry

In this video, you will learn about a forex trading strategy using the 2-line MACD indicator. If you are interested in using this indicator, you can find this indicator on the forex factory web site. With this strategy, you locate the trend using the daily chart. As you can see, the market is in an uptrend. Then, you can look for the 4-hour chart for any signal. But if you […]

Explaining Parabolic SAR for Forex Traders

This indicator was developed by Welles Wilder. This indicator is used in technical analysis to identify an existing trend as well as reversal. Instead of a separate indicator window, this indicator is plotted above and below the price as a series of dots. When dots appear below the price, it is time to buy. When dots appear above the price, it is time to sell. This indicator does not work well in ranging […]

Explaining RSI (Relative Strength Index) for Forex Traders

The RSI is a momentum indicator. This indicator is used to measure overbought and oversold conditions in the market. It is used in stocks, forex, and commodities trading. This indicator was first developed by Welles Wilder. When RSI goes below 30, then the market is considered oversold, and it is a signal to buy. When the RSI goes above 70, then the market is considered overbought, and it is a signal to sell. […]

Explaining Bollinger Bands for Forex Traders

When you are looking for a technical indicator for measuring the volatility of the market, then you can learn about Bollinger Bands. You can look for it in your MetaTrader platform and include it in your chart. This indicator was introduced to the world of technical analysis by John Bollinger. There are two bands, the upper band the lower band. The middle line is the moving average. The outer bands are the standard deviation of this […]

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