Forex Trading Indicators - 4 Common Indicators That Will Make You Money

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Forex trading indicators - there are hundreds of them. How do you know which ones are the best? Well, the "best" indicators are the ones that help you make money. People make money with indicators, and people lose money with them. But there are a few common ones that are popular because they are easy to use and interpret. Let"s take a look at these now.

1. Moving Average Convergence Divergence (MACD)

Do not let the name intimidate you. The MACD is just a combination of 2 moving rates. You want to trade in the direction of the moving average because they indicate price trends. The MACD is a great way to measure the strength of the moving rates and help to determine the intensity of the trend.

2. Stochastics

Stochastics help determine when the trend will stop trending. Knowing this is extremely important to keep you from putting your money on a dying horse. Stochastics allow you to compare the strength of the current trend to past trends so that you can see if the trend is reaching unusually high or low levels. If the stochastics reach extreme levels, this is an indication that the trend may end soon.

3. Relative Strength Index (RSI)

The relative strength index one of the most popular forex trading indicators. The RSI is very similar to stochastics. It helps you measure the intensity of the current market direction. Again, if the RSI reaches extreme high or low levels, then there is a possibility that the trend is ending.

4. Bollinger Bands

Bollinger bands measure the market"s volatility. Volatility tells us whether the market is quite or loud, stalling or moving. When the market is quiet, the Bollinger bands come together; when the market is moving, the bands spread apart. Generally quiet times in the market indicate that it is about to break wide open.

Quiet times in the market are similar to the pressure created as water builds behind a dam - ever the dam will break, and when it does, there will be a lot of action. Bollinger bands are one of the best forex trading indicators to show you when the market is quiet so that you make money when the dam breaks.


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Source by Christopher M. Hall

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