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Best Forex Technical Indicators

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These may not be the Best Forex Technical indicators, they are however amongst the most popular with traders around the world

Here's how they work...

This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

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Best Forex Technical Indicators

  1. 1. These may not be the Best Forex Technical indicators, they are however amongst the most popular with traders around the world Here's how they work... Best Forex Technical Indicators
  2. 2. However, the truth is, nobody has ever actually proven any indicator to be the best Here is some high level information on 3 of the most popular ones... There are books upon books on the subject of the many indicators available to traders and... There are also books upon books on many of the individual indicators themselves!
  3. 3. An Oscillator measuring strength / weakness over a specified period (Number of candles) A reading < 30 indicates Oversold Go LONG A reading > 70 indicates Overbought Go SHORT LONG SHORT Relative Strength Indicator (RSI)
  4. 4. Another popular Oscillator (Just like RSI) A reading < 20 indicates Oversold Go LONG A reading > 80 indicates Overbought Go SHORT LONG SHORT Other popular Oscillators worth consideration are the Parabolic SAR (PSAR) and the MACD Stochastic
  5. 5. LONG SHORT A measure of volatility based on a Mean (Moving Average) A touch of the Lower band indicates Oversold Go LONG A touch of the Upper band indicates Overbought Go SHORT Bollinger Bands
  6. 6. Best Forex Technical Indicators Produced by The truth is, as mentioned there is no best Forex technical indicator and each individual trader can decide which ones they wish to pursue Each one should of course be studied in detail before committing to their use in the real world

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