| Forex is a highly volatile market where price will | | | | The most reliable forex indicators that I have used is |
| move up and down every single second. Because of | | | | the 200 EMA, it is in fact voted as the most realiable |
| the volatile nature of forex, traders have to be very | | | | forex indicators in a currency trading magazine. You |
| precise and accurate in their forex analysis in order to | | | | can use the 200 EMA as a gauge for your forex |
| profit from it. Therefore being able to have a reliable | | | | analysis. If your price move above the 200 EMA, it |
| forex analysis can be a great help to your trading | | | | most likely means that the trend is shifting upward |
| account. | | | | and vice versa. Another way to know the trend lies |
| In order to do a good forex analysis, you definitely | | | | in the steepness of the 200 EMA, the steeper it is, |
| requires the use of several forex indicators that can | | | | the stronger the trend. |
| help you to decide on your entry and exit position. If | | | | Once you have identified the trend, you can make |
| you have been reading up books or have been | | | | use of a type of forex indicators called oscillator like |
| attending seminars, you are already exposed to the | | | | the stochastic or RSI to help you check whether the |
| various commonly used forex indicators that most | | | | market is oversold or overbought. This can make |
| traders use for their forex analysis and you would | | | | your forex analysis more reliable as you can check |
| have seen how they managed to use them | | | | for possibility of reversal. If the currency pair is |
| successfully. | | | | oversold and the price is above the 200 EMA, there |
| However, you need to know that those examples | | | | is a good chance that the price is going to move up |
| that are used in the books and courses are usually | | | | after the retracement and the opposite is true as |
| the ideal situation demonstrated by the forex | | | | well. |
| indicators. In reality, the market movement will not | | | | There are so many different way you can do your |
| be as ideal as those pictures in the books or courses. | | | | forex analysis using different forex indicators. The |
| This is something that made me scratch my head | | | | most important is for you to come up with a trading |
| when I first started trading currency after reading | | | | plan and then pick different indicators that can fit into |
| some forex books. | | | | your trading plan so that you can profit from it. |