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There are many reliable technical indicators


Robert M

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There are many reliable technical indicators. MACD, Moving Average, and Bollinger Band etc are few of them. I think the use of indicator is very important. Choose one, two or three indicators and learn the all aspects of those indicators. Test them on demo account. Do back test with them. And analysis the result. Not all the traders find all the indicators helpful. Some understand MACD more while others like Bollinger Band. So you have to find your own edge. My broker utilize their useful resources like eBook and video instructional activities. They have Technical Analysis Tools with 50 indicators and charting tools.

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There are four main types of technical indicators: Trend Following, Oscillators, Volatility and Support/Resistance. They are grouped based on their function, which ranges from revealing the average price of a currency pair over time, to providing a clearer picture of support and resistance levels.

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The trading Journal is an essential element of Forex trading that most professional traders follow. The Trading Journal keeps track of previous trading activities so that traders can see how they made trading decisions. Therefore, you do not need much qualification to create a trading Journal. My broker Forex4you provide me monthly statement which help me in maintain trading Journal.
 

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On 1/22/2021 at 10:33 AM, maspluto said:

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