@Alchemist na other traders, I need your views. Tafadhali watu wa kuadvertise forex msikojolee hii thread, I dont do forex so mpeleke umeffi ====>>>>. Which technical indicator do you find most reliable? I am not a trader but I am training. So far najua kutumia MACD, Bollinger, RSI na Stochastic RSI but no single indicator is perfect. Which one do you find most reliable? Najua ni mingi sana maybe you geniuses know about others that are better. Sande.
Moving average (ema) period 8 and 18. Works for me on gbpusd,eurusd,gbpjpy and usdjpy pairs during the London sessions
Muhimu ni uhai.
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That is how my chart looks like. I don’t use indicators. Learn Price Action.
Nice but mimi forex nilichorea. I don’t think it is volatile enough for a beginner like me. However, I appreciate that most indicators can be used across multiple markets so hiyo indicator nitaiangalia nione.
The best indicator is usually between the ears and immediately behind the eyes.
It just requires a little bit of exercising for muscle memory, after which you’re set for life.
Naked charts are gold. Hizi RSI, stochastic, bollinger bands ni :meffi:.
Study price action from Niall Fuller or any other teacher you find easy to understand.
Niall is a controversial trader, but his tutorials are great.
My advice: Think basic, act professional.
[SIZE=1]you can cashout this advice at any bank, between 8am and 4pm GMT+3[/SIZE]
I agree @El Tucci price action once mastered is a constant earner.
The skills of trading currencies are applicable across financial markets, only fundamental drivers differ. For volatility try Gold(xauusd) and Agricultural commodity futures.
Silver has low liquidity so the spread between bid and ask is high, affecting execution.
Trade fundamentals on major news events like NFP highly volatile.
These are just gamblers by another name
I think you at least need to know the true range for any trading session. So AtR. Otherwise, how do you set a stop? I would tell you you need a lot of intuition to trade. That is , just look at a graph and be able to predict the next movement at least 45% accuracy. 10000 hours it takes someone once commented about Eldrick Woods.