What Is the Most profitable Indicator On Forex Trading, & Please Give Your Best Indicator Setting ?
Help Us..For all Forex trader Newbie..Please !!! Thanks
Best answer:
Answer by HyperSignal
there is no such thing in Forex best indicator or best strategy or best anything. No holy grails.
What do you think? Answer below!
About The Author
Nicolas
I recommend purchasing Forex Day Monster and Forex Profit Monster. Depending on your style of trading you would get one or the other. FPM is for 4H to 1 day charts, while FDM is from M1-M30 charts. you can use if for 4H if want to as well. The creator is a great guy and excellent at responding to your emails and inquiries. I will give you the site where you can purchase it, or you can search it on ebay. FDM sells for 79.99 while FPM is 59.99 on ebay. FPM gets boring in my opinion but if you work during the day its recommended. Also since your new, check out babypips.com. Great teaching, and at no cost.
Recommendation: FPM 59.99 or FDM 79.99. Whatever is convenient for you. The great thing also its a one time fee, with lifetime support!
Good luck and remember only risk no more then 3% of your initial capital.
Ella B
try to check out this site. they have innovative trading tools and features that can be of great help to newbie traders. all the best.
Aaron Brown
As a 10+ year Forex trader, here is how I trade to make money…
If you want, you can also follow these steps. I’ve dumbed it down to the easiest, yet safest way to win in the Forex.
1) Open a live account at http://bit.ly/iPV25O
It will trade automatically, following all those top 20 strategies.
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $ 300 in your account to start.
4) “Add to Portfolio” the top 20 strategies at http://bit.ly/mJiyZV
5) Don’t add any strategy that makes less than 10 average pips per trade.
6) …when adding strategies, set maximum number of trades to 5, and…
7) …select lot size of 0.1 “mini” lots for each $ 1000 in your account.
9) Then sit back, relax and take a vacation as you make easy Forex money.
drmark27
CS doesn’t understand. Trading psychology should be the last thing you focus on after you’ve learned the mechanics of how trading the markets work–specifically the market you wish to trade.
Andy elle
I don’t trade technical, I mostly trade fundamental announcements as I seem to have more success this way. I have written an article on my news trading strategy which is very simple to follow and profitable.
Common Sense
Wow….. there’s only one truth here… There is none.
Thinking that there’s some magic formula to Technical Analysis that works most of the time is being foolish. I could give you one of many “successful” strategies, I could tell you what currency pairs to run them on at what time…… and I would make money & you would lose money.
First off…… it’s a rare successful trader that works off of one indicator. Most use two (or more). The first one gets your attention & then you use the other(s) for confirmation. In Forex this should get you a winning trade 45% – 55% of the time (and that’s very good).
Here what you need to know (learn), in order of importance;
Trading psychology
Money Trading Management (risk control)
Technical Analysis
Most newbies will find what I’m saying to be ridiculous. And so it goes.
Learning this stuff can take 3-5 years. Most fail in well under 12 months.