Forex Trading Indicators
Technical analysis is done through charts of various sorts, such as bar charts, that depict the currency price. In order to analyze these charts, Forex trading indicators are used in order to present a clearer view of the market status.
Forex trading indicators use information of the market, including open high low and close prices, in order to help traders make the right investing decisions to earn the most profits.
The most popular technical analysis indicators are :
- The Relative Strength Indicator
- Moving Averages
- Bollinger Bands
These Forex trading indicators are used to make fast decisions making of buying and selling, and are also used for advanced Forex trading systems.
The indicators are available on most trading software, and all calculations are done automatically. This is why for the tutorials offered on this site concerning Forex trading indicators, we have focused on teaching you the strategies and actual use of them, rather than the complicated equations. This way you are able to understand them quite easily, and still be able to use them in actual Forex trading.
With the use of the various indicators, you will be able to recognize trend patterns just on time, and be able to benefit from the full track of the trend.
Tania Raven, Market Analyst