What is the best indicaor in the forex market?

[syed ahsan]

i have no idea about indicators because i am not a professional or old trader in forex trading. i just learn forex day by day and increase our knowledge. and i never use the indicators still now. when but i think so channel indicator is some good for other indicators.

[blessedisrael95]

Indicator is one of the most important factor that help Forex trader in making profit in this business and should be taking serriously. in Forex trading your indicator is your director in your trading decisions. you as a trader most try by all means to find out the indicator's that work best for you they may be two or more than two but it is not good to rely only on one indicator.

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As for me i use three trusted indicator to analyse the market in my meta trader platform. this indicator's are namely bollinger band which help in letting me know if there is about to be a change in the market trend. stochastic oscillator which signals to me when there is an over bought or over sold. while moving average point to me the direction the market is heading or may be heading. this are their main functions.

[petrelsea70]

i think all trading indicators work well but some have good and effective approach ,its depend on trader that how much well he have knwoeldge about that indicators but all indtcaors tell us about past and it up to trader how he precive that knowledge,
i use many indicators like,trend line,rsi,moving avarege,bullenger band and parabolic and it also have my own trading strategy and i choose according to market and till now i m getting good profit...

[bablohosan]

every indicator in the forex concern aid a positive operate so we can not say this this indicator is gambler than the other ,some indicators abstraction irresolution while others maneuver appreciation and others for strengthener and resistance and everyone of them is for a positive use,we can't say one indicator is ultimately soul.

[ayushsrk]

I think if you use too much indicator in same chart, then you can get good signal form the indicator because it will confuse you.

I have already left using indicators right now because normally out of what I have seen when we are trying to trade using indicators we would want to use more than just one of them.And suppose if I am using macd and moving averages of oscillator as two of my indicators to help me out in the trades,then macd might sometimes signal a slightly bearish market trend whereas the moving average might remain neutral as well.And in this type of a stage we can get highly confused.

Therefore for all of us it is highly necessary to first of all at least understand the indicators properly and unless we do that we might have to face high losses in our trades.for all of us it is always important to know the market well first but if we use multiple indicators that is not going to be possible due to confusion.

[Dejavu]

Moving average is the best indicator,i use it for many years,that indicator shows us the direction of the pairs,we also can read reversal signal from that indicator,and there is another advantage of moving average indicator,we can know when market is sideway or trending,it helps me so much to do scalping or long trades,always profitable indicator for me.

[gentilemn]

I think there are several indicators that are good and gives better results
for me I prefer the moving average and the RSI
they give very good results, especially the moving average I always use

[bidyut]

MACD proves to be good for me. I always use this indicator while opening an order. Because it is very easy to understand I could able to hold good position because of it. It is also evident that we can't rely completely on an indicator. We've to consider fundamental side also as a deciding factor for getting a trend. Sometimes indicators may give false indication but out of 10 we can consider 8 for opening an order. Apart from MACD I use RSI, it is always proved to be good for me. It gives more strength to my position when I use both MACD and RSI indicators to decide when to open an order. Apart from these indicators I also follow price action. I only open trades when I see a clear trend. Sometimes small volatility and moving price at a small range won't help to get good profit. We should need to be very careful whenever we use any good indicators.

[danish007]

i think in my point of view 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 and Most of the time indicators will give you the false signals and you need to detect.

[100pips]

Most of the traders always use to take the indicators which always suits their strategy or their trading plan and this things is right and necessary because taking unnecessarily indicators may confuse the trader by giving mixed or wrong signals. I always love to use RSI indicator in my most of the trades to know the upcoming trend here in this market.

[Tanveer]

according to me i think in the forex trading business there are many useful indicator but which i like most that is robicon indicator i think it gives us a very good direction of the market in this way we get a hint and get huge profit very easily i like robicon indicator because it give me a good market direction and i use this direction and get huge profit.

[princewahaj]

RSI and MA are my favorite indicators, i had started my trading career with these two indicators and still trading with these two indicators but i add some new indicators such as price channel, voltry channel, psar, bollinger bands, but the most favorite indicators are RSI and MA because of their good results and clear view about the market. RSI is a momentum indicator which predicts that the market is trending or sideways.

[Swayam]

RSI the best indicator in FOREX trading that most of the traders use. It's easy to understand. Many of the time it redirect us to the more predictability of the market conditions. I have been using this and many of the I have earned profit in this. It's also good for the newbies who want to get early in trading because most of the time it's accurate towards the winning trend.

[nsawork]

RSI the best indicator in FOREX trading that most of the traders use. It's easy to understand. Many of the time it redirect us to the more predictability of the market conditions. I have been using this and many of the I have earned profit in this. It's also good for the newbies who want to get early in trading because most of the time it's accurate towards the winning trend.

We see that many of the Technical Indicators are available to use and we need to choose that system that can give us good trading signals. Since our trading system will differ so each trader will need a Technical Indicator that will suit him best and will also allow him to make good money using them. Also it is true that some of the Indicators work more better than the others and we need to establish which ones are suitable to our trading needs.

Then only we must be using them and as far as RSI - Relative Strength Indicator is considered i have seen that its performance is good

[vetman85]

In my opinion, manual trend line is the best indicator that we can use in our trading, because the market move either upward or downward, and we can expect the next trending of the market by using trend line, when we draw (for example up-trend line), if this trend break downy, the market will fall down.
See my following chart:


Good Luck