Two most popular Forex indicators

Variety of Forex indicators available on advanced Forex trading platforms can sometimes create a challenge even for an experienced Forex trader. To control the situation traders need to choose only useful primary tools in order to avoid information overflow. Especially if you are a novice trader, we'd like to suggest you two most popular and widely used indicators to start planning your trades with. These are: Moving Averages and Stochastic indicator. The third place goes to MACD. While you experiment with those indicators you will discover that they can have various settings and change their accuracy and behavior depending on the time frame and currency pair you try to use them for. Don't be afraid to experiment until you find the best combination. Let...

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How to choose the best combination of Forex indicators

The goal is to pick the best indicators set. The challenge is to combine indicators in a smart way. This means that indicators should deliver different type of information about the market and confirm each other rather than duplicate signals. When two or more indicators provide identical information about prices, it hardly ever helps trading better; and while Forex traders call it "signal confirmation", it is in reality could be the same type of data, and should be called "duplication", rather than "confirmation". When money is at stake, the problem becomes serious… If you are randomly choosing indicators for technical analysis, chances are you’ll pick some with similar studies. How to avoid this? First of all traders should know what type of indicator they use. There are general...

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