pls i need someone to explain how to use indicators.do i use on open chart say eursud then when i see that it is making money,i then make an order or how.i need help?
For the majority of indicators, it's quite simple my friend. Simply buy/sell when the indicator (indicates) to do so, they can be used with almost any FX broker.
thanks for the answer,but my question is do i need to my an order or i just need to to open a pair of currency and attach then when it say buy ,i now make an order
You attach the indicator to the chart and wait for an entry signal. If you see a good signal then you go ahead and enter an order manually. Indicators do not automatically place orders for you. Expert Advisors will though.
First there are trend indicators, which show three tendencies in prices fluctuation up, down and sideways. Just as it sound, trend indicator will help you implement your forex trading system by showing you the price trend overtime.