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Saturday 18 August 2012

How to get your best forex trading indicators?

Most of the traders wants to get best forex trading indicators for their trading daily and they depend on signal of indicator to trade or place their buy-sell order. Indicator is not a human to understand the market but it follows the market price action only. When it get some mathematical result, it gives the signal. But as a trader you should not consider all signals to place your order. In this case you should have your own market analysis. When your criteria  and signal of indicator is same then you can place your order.

You can setup your own trading indicator by combination of default indicators. It can be combined with RSI & Bolingerband OR 
stochastic oscillator & Bolingerband. Some traders feel comfort with three  SMA as their best forex trading indicators. Some traders also combine SMA(simple moving average) and EMA(exponential moving average) for making their indicators.

You can also find custom indicator in internet. They offer with newly design and advanced signal with more accuracy result. It is sometimes costly.

Whatever, if you depend on indicator, you must be accustomed with it by practicing in demo account. Other wise, You will never find any indicator as your best forex trading indicators.

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