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Thread: Which is the best indicator that makes money in forex trading?

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    Default Which is the best indicator that makes money in forex trading?

    I want to understand Forex deeply. Because Forex is the most famous exchange enterprise in the world. Which is the nice Indicator that makes cash in Forex trade?

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    Forex trading is not very simple, as it may seem at first glance.

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    Well, don’t try to rely on only the trading indicators, according to my own trading experience trading indicators are full illusions! So, if you want to sustain here, try to build a good trading skill on chart trading & fundamental analysis! By the way, you can use the Moving Average trading tool (default trading tool)!

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    Frankly, trading indicators are not enough here! You can rely on any technical tool so blindly! To be a consistent player, you need a good trading skill on chart reading & news trading! More than 95% traders are losing money here, do you know why? Because they follow the wrong approach, so be careful & realistic!

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    What approach is correct? How to do right? Teach? Do you feel about 5% or 95%?

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    Please don’t seeking for any technical tool! In reality, there is nothing like a good trading tool! Yeah it can provide you few data, but end of the day you need a keen trading knowledge & experience (technical & fundamental)! Only indicator based trading isn’t enough here!

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    There are many indicators available in Forex trading market that provides signals depending on market index. However, not all indicators are used altogether by a trader. But, RSI and Moving average are wide used indicators that you will find available in the platform of Eurotrader. These two indicators perform well.

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    This indicator is in all platforms. When it comes to Forex, then usually use MT4 and MT5 platforms. In these platforms there is a large list of indicators.

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    Indicators are software that provides signals to their traders. A trading platform incorporates a number of indicators, like RSI, Moving Average etc. Personal preferences on using indicators vary from trader to trader. For example- I prefer using RSI and moving average very well because these indicators provide nearly good signals.

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    Yes Forex can be a great source to earn money very rapidly , if you can acquire most powerful analyzing trade knowledge by learning , on the other hand besides good trading knowledge you have to be a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly , that’s why from my first day of trading I have been using LQDFX which always ensures a wide range of trading technologies with security of funds at any investments that is very supportive to lead a comfortable trading life with certainly.

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