Technical indicators are no doubt a favorite topic in the financial markets. They can range from a simple moving average to a complex array of algorithms. But of all the financial markets, Forex is arguably the worst offender of overutilizing indicators. Other trading platforms offer similar languages. There are even businesses that do nothing but custom code indicators for clients. With an infinite number of indicator combinations, how on earth are you supposed to find something that works?
Why I Ditched Technical Indicators (And Why You Should Too)
10 Big Mistakes Forex Day Traders Make
The foreign exchange forex market is vast. It's also doesn't have many rules. These scams promise quick fortunes through "secret trading formulas" or algorithm-based "private" trading methods. Some claim to have "forex robots" that do the trading for you. Here are some actions you can take to lower your chances of being scammed. Before getting involved in forex trading , perform your due diligence.
These forex charts suck
If you have a computer, an internet connection, and a few hundred dollars, you should be able to start day trading. This easy-entry is not a promise of a quick profit, however. Before you take the plunge, consider these 10 common mistakes you should avoid, as they are the main reasons new forex day traders fail.
Major swiss franc sectors are tourism, agriculture and banking. I know because i spent the first few years trading forex from charts that use a gmt close. Here's what you need to know to master the basics. The aim is to find out their use.