Using Technical Indicators...

[raniya]

Using technical indicator will help us when trading, but we should not forget that we also consider market news. Global economic indicators are important as they show the economic health of countries. They are used to interpret current or future investment possibilities.

[Joe Hoover]

We traders usually conduct two types of analysis in order to track the price changes or determine the changes in exchange rate of currency pairs. Fundamental analysis is more concerned about fundamentals like political, economic factors of nations and their relation with world economy while in technical analysis we use charts, indicators, forex signals, etc. in order to determine the price changes. One of the most common indicators is moving average.

 

[BTCETH Trader]

If we are able to correctly understand about using the Technical Indicators we can get more Profits.

[bluemac]

The indicators can only help us identify the market oversold or overbought conditions however it is usually recommended to use one or two indicators to get confirmation of the market behavior. Putting too many indicators on the chart can confuse new traders in my opinion.

[binaryowner]

On 4/27/2022 at 10:40 PM, bluemac said:

The indicators can only help us identify the market oversold or overbought conditions however it is usually recommended to use one or two indicators to get confirmation of the market behavior. Putting too many indicators on the chart can confuse new traders in my opinion.

I use MACD and RSI and ATR to identify trend and momentum, other tools include autochartist software from HFM. Don't see any point to use other tools because I manage to make money with them.