Introduction To Forex Technical Indicators
Technical indicators are used in forex are a mathematical approach to exchange rates of currency pairs and consist of a series of data points from the past used to predict future price movements.
Indicators are very often combined with candlestick chart patterns and more reliable to buy or sell signal to obtain.
There are literally thousands of indicators in circulation that can be used in trading currencies, much more technical indicators than you will ever use.
Therefore we will limit ourselves here to the 5 most used indicators in forex trading. These can be found on the trading platform of any forex broker.
The 5 most common technical indicators include:
Moving Averages (Moving Averages)
MACD (Moving Average Convergence and Divergence)
Relative Strength Index
stochastic oscillator
Bollinger Bands
Let's start in the next lesson with Moving Averages
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Forex is simple follow the trend and you will rich.
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