Do you use similar indicators?

[Sharon Smith]

Many traders use indicators for technical trading terms. They use different types of indicators to a chart to find different angles or views of price action. However, it is useless to use the same type of indicators. Sometimes it gives you two different signals which can confuse you. So, don’t use multiple indicators of the same type. My broker Eurotrader also give me all the necessary tools and indicators in trading.

[Claude Hawkins]

When any new trader wants to invest in forex, he will have probably little practical knowledge about the trading process and the market. It is very much needed for the new comer to operate a demo account before he invest into the market. By using demo account he can get practical knowledge about trade and market. When I was thinking to invest in forex, at first i created a demo account in TP Global FX, where i could learn all the basics of the trading policy. It helped me a lot.

[Tuva Sundström]

Forex is the largest online-based currency trading market where more than 4 trillion of dollar is invested every day. To forecast the market movement, I use some indicators like RSI, moving average and Bollinger bands. Eurotrader offers almost all indicators and currency pairs.

[Principio Mazzanti]

Some common indicators that I mostly follow are RSI, Moving Average, Bollinger Bands and trendlines. A true forex trader learns to deal with untoward situations and uncertainties and traders have to go through rough and tough situations to derive profit from Forex market. Trade with FXOpulence broker because the broker is secure and charges low trading spread. They offer different trading instruments including indices1000, crypto500 and USD basket with tighter trading spread.