What is the most reliable forex indicator?

[Salman1]

Here I have given a brief explanation about Forex indicator. This will help you to get basic knowledge about this. If it is also not clear then don’t hesitate to Learn about MT4 indicators .You will get more information there,

There are thousands of indicators that are used to find opportunities in the market and profit from them. However, most of them do not give good signals and will get you in the market late. In this article we will present several indicators which are the most accurate and give the biggest trading edge.
 

The Bollinger Bands:

The Bollinger Bands were developed 20 years ago by John Bollinger, and were designed to show the volatility of the market on the screen in an easy-to-comprehend manner. They give very good signals and can be used as support\resistance indicators, telling us - before the move occurs - that a reversal is prone to happen. When price touches the lower band it is oversold, and when price touches the upper band it is overbought.

The trading method for the Bollinger Bands is basically to look for price-action support and resistance levels, and confirm them with bounces on the Bollinger Bands themselves. This results in very high win rate and consistent profits.

The Relative Strength Index (RSI):

The Relative Strength Index was developed 30 years ago by J. Welles Wilder, and is considered a powerful trading indicator that also has a predictive edge in the markets. It tells us when the price is overbought\oversold before the trends begin, so we can enter early and have great reward with little risk. The signals it gives are usually very accurate, and if confirmed using the Thomas DeMark mild bounce system it can even reach 70-80% win rate (depending on the timeframe).

It is a very accurate indicator that we highly recommend.

Simple Moving Average:

The Simple Moving Average, or the SMA, is an interesting trading indicator that most traders do not use in the right way. Most traders use it as a trend-following indicator to enter trades after a trend has been established, however we use it in an entirely different way.

The most accurate and predictive way to use the SMA is in the bounce method: we wait for trend to establish, but instead of randomly entering, we wait for price to retrace to the moving average and bounce off it. Once a reversal signal is given we enter a trade in the direction of the trend with stop loss right below the moving average, thus entering at a tactical point with small stop loss and huge reward.

The 3 indicator described above are the most accurate indicators for trading Forex and stocks, and have proven themselves in countless opportunities.

[Jo Eshuijs]

In Forex market trading platform is very important element. By suing the best and suitable trading platform a trader can easily make good trading strategy. Different broker provides different trading platforms. I get Forex4you broker is the best broker and they give various trading platforms such as – desktop, web based, mobile based and MT4 trading software’s. Among all types of trading platform I am using their widely used MT4 trading platform.

[uncle gober]

the ability to analyze that is there must be able to be considered properly, this is needed and needed so that traders can become better and get more leverage in getting the security and comfort of trading with Tickmill.

[Mrsooduraske]

To ensure that you can make money online you must have good knowldge and skills and if you use indicators for trading then you must searn good and useful indicator for trading purposes.

[Hanan Öberg]

These two are essential qualities of a forex trader and majority of the traders lack these two qualities. Forex takes away money from traders so traders have to be patient enough. FXOpulence ensures all necessary types of trading facilities including two types of accounts- ECN and classic.

[maspluto]

Patience and discipline are highly required in forex trading. That's why it is continuously studied in every aspect of its workings, utilizing all the facilities provided by brokers, so that in the future, everything can be prepared and forex trading can be conducted to the fullest extent at Tickmill broker.

[Nilde Lucchese]

No indicator is 100% reliable but what I personally feel that there are some indicators that work well on average and they are moving average, RSI, Fibonacchi and Bollinger bands. FXOpulence broker offers more than 400 technical tools to traders.

[maspluto]

Personally, I see indicators as supportive tools in analyzing the forex market. That's why, apart from indicators, traders should also possess analytical skills and good management for comfortable and secure trading. This is something I've consistently experienced since joining Tickmill.