What are the most important indicators in Forex?
In my humble opinion they are Moving Averages and Relative Strength Index
When these to are combined on a live trading screen the information you will have infront of you allows the trader to see how much of any cuurency is being bought and how much is being sold ( in percentage terms ) plus the strength of that buying or selling current,
To take full advantage of that buying or selling current you need to get in (make your trade) 2/3 rds on the upswell and get out (close the trade) before the crest
Why close the trade before the crest? simply because tades have a habit of falling back just before they hit top momentum which would lose you money.
So the trick is to get in make a profit and get out ( don't stay in too long or you'll get stung )
The moving average indicator combines with the RSI gives you all you need so long as you know how to read the two charts combined so you get CLEAR SIGNALS
my course FOREX4PROFIT tells you exactly how to do this and more.
No comments:
Post a Comment