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khan188

Is Forex indicators really Works?

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Dear Forex traders,

I welcome you all to my this post. My question here is, does the Forex indicators really works?

From my 7 years of experience and Forex trading I can say that only moving averages can help you to filter charts for the trend. Other than that I don't believe the forex indicators really work. 

Kindly share you are good thoughts best on your experience. 

Thank you so much. 

 

Please follow and like my post if you want to learn about Forex trading send me message. 

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Indicators are tools we refer to what happened in the market and cannot predict what will happen. In any case, they are used for domestication and not for decision-making.

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8 hours ago, Jhadhasan said:

Indicators are tools we refer to what happened in the market and cannot predict what will happen. In any case, they are used for domestication and not for decision-making.

exactrly and people make suggestions based on indicators. its just like statistics it shows what happend before and maybe more information on one's reactions to some events but nothing more.

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Forex indicators will really work because the reason is that no matter what opportunity they offer, they do not offer any opportunity to mislead, which gives them a good opportunity so that everyone can work.

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Forex trading is available in my country but here is another strick rules are about to come. My country is thinking about to ban crypto currencies.According to government criminals are getting good environments due to this. Hopefully, forex trading will be still available. 
 


 

 

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Forex indicators are useful tools to know the price in the future,they perform mathematical algorithms on historical price data to forecast where the price might go. But since technical indicators are based on historical prices, all of them tend to lag a little bit, so we really must be careful before placing a trade.

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On this one I would like to only talk of the moving average forex indicator as it is the one I'm familiar with and this indictor really works and provides accurate signals if you have mustered how to use it and its the only one I have tried to use before not knowing about the other ones I don't think they are useful.

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I personally think that it depends who orders this Forex indicators. Because if they are offered by a begginer then obviously most of them are not going to work but if they are from a profesional then most likely they will work 

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yes it is very good tool and they really work. it is here to help you and give you some advice that is according to statistics so i think you should look ar it like helping tool, additional tool.

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If you have huge experience in forex market then i definitely can say you have not enough skills of trade of forex market because i thought all indicators works if we have skills to find out technical analysis. 

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I have only participated in foreign exchange for 2 months and I do not dare to admit that I have experience. I think the indicators are active, because when analyzing or observing I find that they are very interested in indicators.

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On 2/21/2020 at 8:22 PM, khan188 said:

Dear Forex traders,

I welcome you all to my this post. My question here is, does the Forex indicators really works?

From my 7 years of experience and Forex trading I can say that only moving averages can help you to filter charts for the trend. Other than that I don't believe the forex indicators really work. 

Kindly share you are good thoughts best on your experience. 

Thank you so much. 

 

Please follow and like my post if you want to learn about Forex trading send me message. 

I'm also agreeing with you, forex indicators are not working hundred percent, but the forex indicators can be using after doing the market analysis, then you can also use the forex indicators.

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Yes friend, forex indicators are real working and they are very helpful. You just need to find the right place to get legit indicators or you can use the internal indicators in the platform which you are using. Am using tradingview most of the time.


Time is the ultimate weapon!

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I can only say one thing from experience and that is indicators work a bit better on Forex comparing to crypto market, in forex you should almost totally forget about smaller time frames because they don't work as good and you should focus on 4hr or bigger time frames and look at charts and indicators within those time frames, I found RSI to be the most accurate indicator in forex and I always use daily and 4hour for RSI too and I liked the results of my trades so far.

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Forex trading indicator are any other tradind indicators, they are just tools and they provide signals in their data base, and they only analysis the market they read, but reality market infulate so many thinks like any nagitive news drop market prices, this thinks indicators not read  so some times indicators signals fails, and traders thinks this indicators not useful.


 

   

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I believe that Forex indicators are very useful for forecasting and for knowing prices in the future, because these indicators depend on the solution of complex mathematical algorithms within which prices are presented to predict the amount that the price will reach and that these predictions are likely to be wrong so we must make sure and beware of them before taking any step

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Actually I'm not using indicators in forex and I don't know how to use it, but according to traders they are just using indicators, maybe it is more helpfully in forex.

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The Forex indicators work well and give a lot of charts and initial information that a trader can benefit from in setting his ideal plan, but it is not possible to trust all parties that provide this information and rely on global indicators is the solution


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There are people who operate only with indicators, I used them a few months ago but did not have good results, it can also be used as another confluence with the price action

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The project is really good I was reading the white paper and had a big potential however now the morpher only give to you for register is 100 token, I already register in I will keep my token for a long time. The people that was and the beginning earn a lot of many because the price was more higher that today.

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Yes, of course the forex index actually works. Forex is basically a business and through it you can earn profit, currency and money. And it is a very popular site.  So everyone has some ideas about it that have an idea about Forex when you work on this crypto currency. And in this crypto world you will get different types of wallets, coins, coins, etc. Forex actually works.

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If you want to trade algorithmically, it is inevitable to get help from indicators. Other than that, I think Bollinger and ichimouku are useful.

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Yes, it helps you during trading and there are successful strategies used through it, but you must learn technical analysis of the price and know when to buy and when to sell, and in the end rely on indicators as a signal for your entry. 

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I don't think you can predict what will happen this easily if it was like that everyone will make crazy amounts of money and that would be the end of forex.

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In fact, most indicators do not lie (well, or almost!), the only question is what you expect from this information. Most traders mistakenly believe that technical methods guarantee the forecast. As much as we would not like the price to follow the calculated signal (and not Vice versa!), no Forex technical indicator in any way affects the future price movement. It is intended only for evaluating the current state based on history analysis, and not for predicting the future market situation. it always shows you only what the indicator developer wants to see.

Even considering that almost all technical Forex indicators correctly perform data analysis, every trader eventually understands that the abundance of various information does not guarantee an advantage in a real transaction. Only the most common indicators are embedded in popular trading platforms, but there are ways to develop your own applications of any complexity for any terminal. In extreme cases, you can write any indicator yourself as a separate application or an independent technical analysis program in conjunction with a trading terminal.

Forex technical indicators do not predict anything, but they greatly facilitate and speed up the process of analysis and making trading decisions. In General, the simpler your technical trading model is, the less it distracts the trader from key price movements, the more useful and reliable it is. It doesn't matter which method is used - automatic, semi - mechanical or manual-the main thing is that the calculation process has a high probability of a correct hit.

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