What is the best indicator to use for profitable ttadimg?
There are top 3 forex technical indicators which are used by forex experts. These are:
- Moving Average – An indicator of trend analysis
- Bollinger Band- A volatility indicator
- MACD – An indicator for trend confirmation
For more info on these indicators, please visit - Top 3 forex technical indicators every forex trader must know
It depends; there is not fixed answer! But I am comfortable with Moving Average (default trading indicator).
Price action and s/r zones
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With all due respect don’t you think you might want to learn about indicators and see which ones are for what. There are indicators a hole host of them that deal with the 5 parts to the trade. Start with 1. Trend indicators, 2. Volatility indicators, 3 Cycle Incidators 4 Support Indicators 5 Resistance Indicators,
All tell a story, all play part. There is no one perfect one. Everybody has a personal favorite all the way from none to hundred Do the work yourself. It will pay off long run
Fit the indicator to your strategy, don’t fit your trading to the indicator.
If you are trend-following, use MA to confirm direction and evaluate trend strength and consistency.
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Tell us what you know about indicators first and how you plan on using them. 