- April 2014
- Posted By Ninoslav
- 0 Comments
To know about these Forex signals, you have to know how to use it first. These signals can be found by few indicators. In this article, you are going to know about some of the most reliable Forex indicators. In general, 5 types of technical indicators are used by many experts. You will be overwhelmed with their presentation, on the basis of which you can base your prediction.
In modern market, there are many different types of indicators present. But to make a quick decision, you can’t use all indicators because so many opinions can puzzle you. To find you a solution from this dilemma, you must know about these five most common indicators.
Types of indicators:
Moving average is a simple indicator for those who have recently joined Forex trade. It is one of the simplest and technically preferred indicators. This indicator will help you to evaluate the differences between averages of different charts with 2 different types of ranges and span. Another type of Forex indicator is Bollinger band. This indicator will help you to operate the market value. This will also give you a power to predict the market up and down situations.
Relative strength index is also one of the most reliable Forex indicators. It is actually the ratio of strength of the price of security now and the relative strength of the past security price of the same security. It is used to establish whether the security is oversold or overbought. If it is above 70, then security is bearish and if it is below 30 then security is bullish. Stochastic is next on the list, which is used to find the condition of trade market, i.e. whether it is weak or strong. Moving Average Convergence Divergence is the last one, which helps in finding the exponential difference between two or more moving averages.
To know about reliable Forex indicators, you should also check out “what are Best Forex Trading Signals for you?”