The Top 5 Technical Indicators for Profitable Trading #forex #money #market

The Top 5 Technical Indicators for Profitable Trading #forex #money #market



The Top 5 Technical Indicators for Profitable Trading

The Top 5 Technical Indicators for Profitable Trading

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In this video, we look at the top 5 technical indicators successful spread betters create their trading strategies from. We look at what the indicators mean and how they should be applied to the markets. We look at real-world examples as to how the signals and indications can lead to profitable trades.

This video is best for:

Traders looking for profitable technical indicators.
Traders wanting to learn how to use technical indicators.
Traders wanting to see examples of how to use indicators to identify trades.
Beginners looking for an understanding of how to use technical analysis.

Contents:

-Most common mistakes with technical indicators
-Types of indicators
-Indicator 1: RSI
-Indicator 2: MACD
-Indicator 3: Bollinger band
-Indicator 4: Supertrend indicator
-Indicator 5: Indicator confluence
-Trading examples
-Summary

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Welcome to the top five indicators of profitable trading.By the end of this video you have a good understanding of how people use technical indicators a trade with example to provide. Technical indicators can be very daunting for beginner traders, though have to be and by then does video you have an understanding of the most common technical indicators and how they can be used to support your trading. Firstly all the indicators are going to show you are created from basic candlestick data. The auto information from the open high low and close the basic price action. If you need to learn more about the basics candlesticks and please click here three-part candlestick series.

Here are some of the most common mistakes traders make the technical indicators. Don’t overload your screen with indicators and display the indicators that you actually use on your charts a lot of traders overload their charts with indicators as excuse to over trade.Remember indicators are just an indication of something happening in the market they are crystal ball trying to predict the future. Don’t blame the indicators where traders and workout no matter what indicators you use your still have to take losses in trading.

Two types of indicators. There are two types of markets trending and range bound or cyber to markets. A trending market looks like this but the market is moving in one direction arrange panel Cyprus market looks like this were the market is moving up and down within a specific range indicators tend to be either suited trending or range assignment markets.

Indicator one RSI. The relative strength index compares the magnitude of recent gains to recent losses in the attempt to determine overbought and oversold conditions of instrument as you can see from the chart the RSI ranges from 0 to 100. Insurance is deemed to be overbought once the RSI approaches the 70 level mean that it maybe getting overvalued and is a good candidate for pullback likewise if the RSI approaches 30, then the instrument is oversold and therefore like to reverse. Traders will often use the RSI coming back out of overbought or oversold conditions as a signal to enter the market.

A trade using RSI should be whether large rallies and drops in price will affect the RSI by potentially creating false buy or sell signals traders often come by the RSI such as the MACD.

Indicator two MACD. Moving average convergence divergences is one of the most well-known unused indicates in technical analysis this indicator is made of two exponential moving averages which help measure momentum henchmen. These moving averages and the changing distances between them become the MACD. Convergence means the moving averages moving closer together, divergence means they’re moving away from one another.

Indicator three Bollinger bands. A Bollinger band starts off as a simple moving average and has two standard deviations plotted away from it that sounds a mouthful but the important part is because standard deviation is a measure of volatility Bollinger bands adjust themselves to current market conditions. When markets become more volatile markets widen and move further away. Enjoying less volatile periods the band’s contract moving closer together. The typing of the bands of news by technical traders as an indication there may be volatility to follow.

Profitable indicators for trading
Biggest mistakes made with indicators
How to use indicators
Technical analysis for Forex
Technical analysis for trading



20 Comments
  • Jaisudhan Jai
    Posted at 22:15h, 09 October

    how to install

  • Welsh B. Cooper
    Posted at 21:26h, 09 October

    Great video. How do I get a trade Expert?

  • Johnathan Hung
    Posted at 21:19h, 09 October

    Great piece. In need of some steady financial advice.

  • Hollowell Jeff
    Posted at 21:07h, 09 October

    Great video.

  • annamalai kasi
    Posted at 20:50h, 09 October

    Thank y bro. What about cipla,8kmiles

  • Gary
    Posted at 20:39h, 09 October

    can you show us your myfxbook live account?

  • Ram Krishnaswamy
    Posted at 19:46h, 09 October

    Over the years, I came to the exact same model by trial and error, except that, instead of RSI, I use the RSI Stochastic or plain Stochastic indicator to time the exact point of entry and exit.
    The other thing is, the BEST time for signal generation is not when MACD peaks or bottoms, but when the second peak/bottom of MACD forms a divergence.
    In general, divergence between indicator and actual price provides the most optimal signal for entry/exit.

  • Magnai Ulaankhuu
    Posted at 19:38h, 09 October

    Hi I need TRS indicator (time remaining spread) show indicator
    TRS indicator feature: (This indicator will tell you how much time is remaining before the current candle closes)
    How can i download this indicator please help me : )

  • abdul aleem khan
    Posted at 19:20h, 09 October

    brother i want to trade with u
    how can be possible ?

  • Ratna Kumar
    Posted at 19:19h, 09 October

    Thanks sir I learned a lot in this small video.
    Waiting for next

  • Dax Mac
    Posted at 19:11h, 09 October

    CRYSTAL CLEAR, thanks

  • SirKing Horse
    Posted at 18:50h, 09 October

    Your MAs, are they 50, 100 or? you didn't mention that

  • Kodali Dhanunjaya Rao
    Posted at 18:16h, 09 October

    Thankyou…

  • suraaz kumar
    Posted at 17:39h, 09 October

    Chart time?

  • Lendel Galyna
    Posted at 17:24h, 09 October

    Thanks

  • thushara chaminda
    Posted at 16:52h, 09 October

    RSI 70 and 30.pls tell how to setting MA,MACDONALD and others…

  • Make Things Move
    Posted at 16:13h, 09 October

    This video make me sick

  • Fredd Ayy
    Posted at 15:30h, 09 October

    I have learned more from this 7 minute video than hours of others haha. Great work, please make more videos!

  • Hayden Harris
    Posted at 15:00h, 09 October

    None of this will help you with unborn accumulations of unknown underline reasons which control the future forex graph.
    regards Hayden

  • Moustafa trase
    Posted at 14:17h, 09 October

    what broker you use and minimum deposit thnx and very nice video

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