Holicent
VIP Contributor
Macro-edge is the ability to exploit the global economic situation with your currency trading. It’s an important factor in forex trading that should not be ignored. But how can you find it? Well, there are many ways to do so. First, you can use various indicators which measure economic data and situations. For example, you can use the RSI indicator which measures overbought and oversold levels for a given asset or market. This will help you determine whether or not the price trend will continue or reverse itself soon.
Another popular indicator is the MACD histogram which measures momentum and shows its direction when crossing above or below zero line (the signal line). It also shows whether there is strong upward or downward momentum at that time. However, some traders don't like using these tools because they're too complicated and hard to understand for beginners; therefore, they prefer to use simple tools such as candlesticks charts which display price movements in graphical form.
Another popular indicator is the MACD histogram which measures momentum and shows its direction when crossing above or below zero line (the signal line). It also shows whether there is strong upward or downward momentum at that time. However, some traders don't like using these tools because they're too complicated and hard to understand for beginners; therefore, they prefer to use simple tools such as candlesticks charts which display price movements in graphical form.
