What is the best indicaor in the forex market?

[Hafiz]

There are many indicator in forex market and many people use them .Some famous indicators are given below.
1. rsi
2. cci
3. moving avarege
4. channel
5. zig zag
6. trend line
7. break out box
8. bullenger band.
9.Rubicon indicator
I use Rubicon indicator that helps me to get perfect take profit and stop loss and i follow the instructions and get good profit so share your experience to help others.

[seahawks90]

The indicators which you have described are very good indicators and among of them i have hardly used 2-3 indicators its because i always use custom indicators, but RSI , MA and Bollinger band all are great indicator and it always depends upon the trader to know that how to use them and study of the indicators are always necessary because without understanding them you can't use them.

[sharey383]

Every trader has own choice but according to my knowledge moving average is best for all kinds of trader because moving average is much easy as compare to other indicators.

[rrkommoju]

In fact i prefer to trade with candle stick patterns. If we have good and detailed knowledge of candle stick patterns, there is no need of any other supporting indicator. It give perfect signals with high time frame charts. I normally trade with 1 day time frame , i just open a deal as per candle stick patterns and put trailing stop option. It gives good profits.

[mayx181992]

There are many indicator in forex market and many people use them .Some famous indicators are given below.
1. rsi
2. cci
3. moving avarege
4. channel
5. zig zag
6. trend line
7. break out box
8. bullenger band.
9.Rubicon indicator
I use Rubicon indicator that helps me to get perfect take profit and stop loss and i follow the instructions and get good profit so share your experience to help others.

RSI i suggest everyone to use this indicator because this is the best indicator and we can see it almost shows us the right signals and before placing any order i see the market condition and use this indicator on the chart and whatever it says i follow it and many a time i won just because of this indicator i hope i will earn more and this indicator will keep helping me like this.

[tindi]

There are many indicator but i like to use most of the time RSI because it is almost 70% correct and just because of it we can be able to to predict the market more carefully and can predict the market trend many i time i used it and gone right and took advantages of it this indicator are really best and profitable.

[Fx-Spook]

there are huge number of good indicator available for our market chart and every trader have their own view about any indicator. all of your mention indicator performance are very good. every new trader should choose their suitable one myself. for his he should try every indicator one by one. in my point of view the best indicator name is moving average and bollinger band stop. i am using this two indicator in about 6 month and get very good result.

[astroforex]

I believe all of this indicators can be useful if you know how to use it properly. And we can't say one indicator is better than other forex indicator since we are using different trading strategy and it's very possible for us to using different indicators while trading and with that way, it will give us different trading result too at the same time.

[riddy09]

There's no best indicator here. But it will depends on the trader on how they will trade and how they are going to use those indicators in their strategy. We say that there will be chance that traders will work perfectly with a good indicator. And also I have seen commonly used here is MA or moving average for the reason, it's easy to understand this indicator and that it is easy also to implement the rules in it.

[techboy]

There are actually hundreds if not thousands of indicators that are used in trading but most of them has the same function and it may yield different results on different traders, it is important that traders will pick the right combination of indicators that he will used in his trading for him to get good results in his trading.

[Tanveer]

according to my point of view i think that in the forex trading indicator has very importance with out any indicator there are very big loss in the forex trading because it is very difficult forex market which can not be understand by every one if you want to get huge success then you can get proper training about forex trading.

[yogesh]

I do not rely much on indicators for my trades as i see my support and ressitance at historical key levels, but there are times i need help to know about the overbought or oversold market conditions at such time i use Stochastics Oscillator or Williams %R, there are some other good indicators though like bollinger bands but i rarely use them.

[kashifrehman]

All indicators that come as built in with the package of meta trader are best but few of them like RSI, STOCH, BB, PSAR are commonly used in most of strategies. A trader need to choose his indicators first and then he may plan for his trade remember that a single indicator cannot make any difference in your trading to get profitable results trader need to use more then two indicators in combination with each other.

[4extrader]

Although RSI , MA and MACD are one of the best indicators and also Bollinger bands is a good indicator and one can use combination of 2 or few indicators on their specific time frames. Although there is no best indicator as one indicator might work in the favor of a trader and not work in favor of another one so a trader needs to choose according to their trading style and test the indicator on different times frames to suit their self .

[Akshay]

Using indicator in the trading is very risky because they will not give you the right signals very time.Most of the time indicators will give you the false signals and you need to detect.You must use the combination of multiple indicators to avoid the false signals but using multiple indicators will make the trading very complex to execute.