what is the best strategy and indicator to trade forex successfully?
Just needed to know if there is any indicator and strategy for forex that is not complicated yet gives 100% profit in every position it spotted…please post and explain
Categories: forex indicators Tags: Best, forex, Indicator, Strategy, successfully, Trade
you might just as well look at that spam answer.
consider, the people that trade commodities are some of the smartest in the world.
if you’re not in that exclusive group, you’re going to lose.
but hey, it’s your money.
go give it away.
wouldn’t you think that if what you want is possible, everyone would already be doing it?
get real.
The answer to your question is no. You can find reviews of many Trading systems at http://www.systemfortraders.com. Unlike a lot of other sites this one provides honest and independent reviews.
try this site maybe it could help you..
http://www.currency-trading-tutorial.net/
There is NO 100% in forex.
Forex is a financial market and such markets are made up of sentiments.
You can never guess what is in folks mind can you?
The best bet is proper money management so that you can ride out the tough times and gain in the good ones.
If you are new to forex, you can learn more in my newbie blog.
1. Moving Averages
A great back indicator to trend lines for seeing the direction of the trend.
Moving averages should not be used on their own to enter trades but combined with other indictors.
Moving averages in longer term time frames work best and I find the 200 day MA important and also use the 40 day and 18 day MA useful. Never use short term averages as trends need sufficient periods of data to be effective.
2. Bollinger Bands
If you want warnings of trends developing, or a tool to help you sell high volatility to execute trading singnals i.e. open new positions or to lock in profits, then Bollinger bands are ideal.
Like moving averages, this indicator is simply there to show you the opportunity and you should time your entry with other tools.
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