Suitable indicator

 

hi everybody,

im new to forex..just started my own demo account and the market always seems to go against me..ive made around 4 demo accounts til now all going broke!

i was hoping if anybody could show me any good indicators for beginners as myself..something to show me the trend of the market and if its appropriate for me to buy or sell..

thanx so much!

 

If you want to learn something so go to this thread https://www.mql5.com/en/forum/177239 and this one https://www.mql5.com/en/forum/177358 and this one https://www.mql5.com/en/forum/176430 and this post https://www.mql5.com/en/forum/173249/page49 and many other systems and threads.

But if you are waiting just for one indicator telling you where to buy or sell so I am sorry. There are many indicators which are telling everything.

May be, some other members will help you.

As to me so I prefer learning instead of "magic beautiful indicators for new-to-forex people".

 
amirwol:
im new to forex..just started my own demo account and the market always seems to go against me..ive made around 4 demo accounts til now all going broke! i was hoping if anybody could show me any good indicators for beginners as myself..something to show me the trend of the market and if its appropriate for me to buy or sell..

Start with reading books on technical analysis. I recommend books on Japanese candlesticks and elliot wave theory, as well as some little bit on fractals, a book on fibonachi, and some big but general book to help you started with all of that.

Once you are done reading, you should be able to understand better what you are looking for.

I recommend these books to all who is seriously going to trade forex but is just starting (yep, the books are quite expensive and its best to keep a printed copy rather than e-copy).

"Trading in the Global Currency Markets", second edition, by Cornelius Luca.

"Technical Analysis Applications in the Global Currency Markets", second edition, by Cornelius Luca.

"Fibonacci Applications and Strategies for Traders", by Robert Fischer.

"Beyond Candlesticks. New Japanese Charting Techniques Revealed", by Steve Nison (oh and do get his first book if you want candlesticks in original, I don't know its name but should be easy to find).

There are other books but they weren't printed in English.

I already spent more than $300 on books but I'll be getting more soon. I read lots of them in PDF format but its nothing compared to paper books (easy to find the pattern you are looking at, and you don't need to close chart window).

After you read at least some of those books (at least the first one or second one) and trade for half a year, you'll know what you want better.

 

thanx newdigital and shinigami..i have a book on japanese candlesticks from my dad and i will check da other threads as advised by newdigital..right now i am using silvertrend, OSMA and ToR..i have just started using these indicators and this will be my first week testing them..i will post my results and hopefully u guys and other members may be able to help me improve my trading ways

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