Posted by Binary Options Questions on Oct 7, 2011 in Forex | 6 comments
best forex tecnical web sites
Watching the Financial News at about 3:00-7:00 in the morning.
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There is no “best combination” of indicators. Most indicators were created for the stock market, not a 24 hour market like forex. That’s why relying solely on indicators will give you about a 50% success rate. If you don’t know how to properly manage your trade & your money it will be much less than 50%.
It’s best to use certain indicators sparingly, and combine them with price action that suits the signals those indicators give. For example, in trending markets (as defined by higher/lower highs or higher/lower lows) you would want to use indicators that show overbought/oversold conditions, and enter when these indicators show the condition, after a small retracement in the opposite direction of the underlying trend. This is just one example. Follow that with proper money/trade management and you have a very good chance at success for the long run.
There is no best inDicator.
Strategies may need to change according to the market changes.
I am using a platform with 2800 over strategies and does not require my computer to be ON 24 hours.
I know one good Forex indicator called Fx Pulse. It’s totally free Forex custom indicator that can be downloaded.
One of the main features from Fx Pulse is the built-in news reader which displays actual economic news directly on your chart.
Another great feature is the built in trend detection which shows you not only the trend but also the strength from the trend from multiple time frames.
More information on official website.
Hope, it will help you to trade more profitable.
The best website will be that which you can understand easily. If you donot understand that website is useless for you. So try to learn and review different website and stick to that which you can understand better.
watch daily forex news and analysis. Read the expert views.
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Posted by Binary Options Questions on Oct 7, 2011
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