Buhari
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Even when there are all these elaborate choices of indicators available today, it doesn't mean you should use them all. In fact, using too many indicators will only confuse you and most probably lead to bad trading decisions.So, instead of making forex even more complicated than it already is, focus on combining the right set of indicators that will actually show useful information about the market and confirm your ideas about trades.
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one has to understand the key difference between the forex market and the equities market where most small individual investors tend to invest. In the equities market, one invests in a particular company's stock. If that company is expected to perform well in the future, then its stock price will go up and vice versa.
Forex Market Drivers
in General Forex Discussions
Posted · Edited by Buhari
On the other hand, the forex market is not directly influenced by economic downturns like a recession. This is because unlike the equities market, the forex market trades pairs of two countries' currencies. So, in simple terms, if one currency is losing value, then invariably the other currency is gaining value. This means that an investor can make money trading forex even in the worst of recessions. Of course, he or she needs to understand the economic factors that will make one currency more valuable than its counterpart.