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The role of technical indicators in forex trading strategies
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[QUOTE="FXOchartist, post: 303541, member: 90221"] For beginners, technical indicator is like guidelines to analyze the market. This is included important lesson in forex education. There are so many kinds of indicator as trading tool. In the default MT4 itself already consist many types indicator like oscillator, trend, volume or custom indicator. However in practice, better not uses too many indicator on the chart because basically indicator only take histories of prices with certain formula to analyze the probabillity the price ahead. Should be noted indicator can't make the price move, but demand and supply is. When trading in my chart in FXOpen broker, usually I only put indicator like Bollinger band and RSI and the rest reading the chart based on price action and candlestick pattern. [/QUOTE]
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The role of technical indicators in forex trading strategies
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