What is the best indicaor in the forex market?

[max]

I think when a business man start his business , he should take guideline from his friend and person who has experience in those field. If you get profit and earn then you will become greater business man. I think Rubicon is best. By this you are earning and you can not get lose. Always keeps the right thing to do .

[Believer]

The best indicator in forex is the candle stick because it is the correct representation of the price itself. when you have the correct representaion of the market prices in the candle formation you dont need to go and start looking for another indicator to use in generating entry signals into the forex market. If you able to decipher out the difference in depiction of market's happenings in the price action you can easily trade the price and compare the signal with the price itself to decide whether you should take the trade or not.

[tray]

The best indicator in forex is the candle stick because it is the correct representation of the price itself. when you have the correct representaion of the market prices in the candle formation you dont need to go and start looking for another indicator to use in generating entry signals into the forex market. If you able to decipher out the difference in depiction of market's happenings in the price action you can easily trade the price and compare the signal with the price itself to decide whether you should take the trade or not.

yes this is very correct candle stick is the best indicator for some traders and while for some other traders there are still others type of trading indicator out there which is not that bad . Candle stick give us correct representation of the market trend and it can also be used to measure overbought and oversold here so its good and similar to moving average

[Gadalay]

yes There are actually hundreds if not thousands of indicators that are used in trading but I think all of this indicators can be useful if you know how to use it properly, in my point of view the best indicator name is moving average and bollinger band stop, but 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.

I do not think its wise to use all the indicators. Use of several indicators may raise confusion and make things complicated. thus a trader should have his own selection of indicators which he can use in trading depending upon his knowledge and experience.

Candle sticks are perhaps the most commonly used indicators in Forex. They also have good analysis of the market and helps a trader to form his trading plans. A traders choice of indicators depends upon the market condition and his trading style. Money management is must no matter which indicator we use.

[ekpors]

There are many indicator most of them are not useful because they are free indicator that are created by experts traders, the useful one need to pay before getting them, to get indicator that will work well you have to be expert trader or you pay for the paid once.

[shiz]

i am not in favor of using only a single trading indicator before taking any trading decision for knowing about the trend of forex market as one indicator can provide the false signals as well therefore under such a situation it is advisable for the forex traders to use a combination of atleast two trading indicators for getting the good and profitable results.