How To Use Forex Trading Indicators

Forex technical indicators are used to forecast price changes on the currency market. They can also be used to know when to enter the market for a trade. Forex MetaTrader 4 trading platform allows you to place indicators on your chart which can help you to make informed trading decisions based on your accurate use and understanding of these indicators. Most professional traders use them and you should also. 

Note - If you would like to know what online forex trading is all about before proceeding with the class below, you can find out here. 

I would be explaining 9 types of indicators in this section. Take a look at them in the list below. Just click on the one you like to learn about.

Support and resistance is one of the most widely used concepts in trading. It's extremely popular amongst traders. Click here to learn more..

A moving average is simply a way to smooth out price action over time. Like every indicator, a moving average indicator is used to help us forecast future prices. Click here to learn more..

Bollinger bands are used to measure a market's volatility. Basically, this little tool tells us whether the market is quiet or whether the market is loud! Click here to learn more..

MACD is an acronym for Moving Average Convergence Divergence. This indicator is used to identify moving averages that are indicating a new trend, whether it's bullish or bearish. Click here to learn more..

 

One indicator that can help us determine where a trend might be ending is the Parabolic SAR (Stop And Reversal). Click here to learn more..

The Stochastic is another indicator that helps us determine where a trend might be ending. The stochastic has two lines that cross each other to give a sell or a buy signal. Click here to learn more..

Relative Strength Index (RSI) shares similarities with other oscillators because it is designed to identify overbought and oversold conditions in the market. It is also scaled from 0 to 100. Click here to learn more..

The Average Directional Index, or ADX for short, is another example of an oscillator. ADX is typically used to identify whether the market is ranging or starting a new trend. Click here to learn more..
 

 

Fibonacci is a huge subject in the world of trading. Lot of traders use the Fibonacci retracement levels as potential support and resistance areas. Click here to learn more..
 

Now that you know how to use indicators to trade, you can open a forex account here and start trading. 

Like to take your trading to the next level. Enroll in the Forex Apprentice Class.