The Top 5 Technical Indicators for Profitable Trading | Forex
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In this video, we look at the top 5 technical indicators successful spread betters create their trading strategies from. We look at what the indicators mean and how they should be applied to the markets. We look at real-world examples as to how the signals and indications can lead to profitable trades. This video is best for: Traders looking for profitable technical indicators. Traders wanting to learn how to use technical indicators. Traders wanting to see examples of how to use indicators to identify trades. Beginners looking for an understanding of how to use technical analysis. Contents: -Most common mistakes with technical indicators -Types of indicators -Indicator 1: RSI -Indicator 2: MACD -Indicator 3: Bollinger band -Indicator 4: Supertrend indicator -Indicator 5: Indicator confluence -Trading examples -Summary We will teach you how to spread bet and trade with profitable trading strategies. We trade Forex, indices, stocks and equities in our live day trading room. To join Trade Room Plus for free, click here: http://traderoomplus.com/offers/ To join the next free live training session, click here: http://traderoomplus.com/s/2d Free membership: http://traderoomplus.com/offers/ Welcome to the top five indicators of profitable trading.By the end of this video you have a good understanding of how people use technical indicators a trade with example to provide. Technical indicators can be very daunting for beginner traders, though have to be and by then does video you have an understanding of the most common technical indicators and how they can be used to support your trading. Firstly all the indicators are going to show you are created from basic candlestick data. The auto information from the open high low and close the basic price action. If you need to learn more about the basics candlesticks and please click here three-part candlestick series. Here are some of the most common mistakes traders make the technical indicators. Don’t overload your screen with indicators and display the indicators that you actually use on your charts a lot of traders overload their charts with indicators as excuse to over trade.Remember indicators are just an indication of something happening in the market they are crystal ball trying to predict the future. Don’t blame the indicators where traders and workout no matter what indicators you use your still have to take losses in trading. Two types of indicators. There are two types of markets trending and range bound or cyber to markets. A trending market looks like this but the market is moving in one direction arrange panel Cyprus market looks like this were the market is moving up and down within a specific range indicators tend to be either suited trending or range assignment markets. Indicator one RSI. The relative strength index compares the magnitude of recent gains to recent losses in the attempt to determine overbought and oversold conditions of instrument as you can see from the chart the RSI ranges from 0 to 100. Insurance is deemed to be overbought once the RSI approaches the 70 level mean that it maybe getting overvalued and is a good candidate for pullback likewise if the RSI approaches 30, then the instrument is oversold and therefore like to reverse. Traders will often use the RSI coming back out of overbought or oversold conditions as a signal to enter the market. A trade using RSI should be whether large rallies and drops in price will affect the RSI by potentially creating false buy or sell signals traders often come by the RSI such as the MACD. Indicator two MACD. Moving average convergence divergences is one of the most well-known unused indicates in technical analysis this indicator is made of two exponential moving averages which help measure momentum henchmen. These moving averages and the changing distances between them become the MACD. Convergence means the moving averages moving closer together, divergence means they’re moving away from one another. Indicator three Bollinger bands. A Bollinger band starts off as a simple moving average and has two standard deviations plotted away from it that sounds a mouthful but the important part is because standard deviation is a measure of volatility Bollinger bands adjust themselves to current market conditions. When markets become more volatile markets widen and move further away. Enjoying less volatile periods the band’s contract moving closer together. The typing of the bands of news by technical traders as an indication there may be volatility to follow. Profitable indicators for trading Biggest mistakes made with indicators How to use indicators Technical analysis for Forex Technical analysis for trading
Comments
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great video!!...thank you for sharing. What is a "super trend"indicator. I look for on my setting platform to install but I didn't see listed there...may be has another name? can you please advice me?...thanks
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i saw yo moving averages they are working accurate with your MAC D more specially in change of movement if going up they are crossing and even when you going down they do cross , how did you set yo moving averages to work together with your MAC D?
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So this video was a game changer, better understanding of indicators now
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in the rsi indicator you mentioned when i load the indicator on think or swim the white vertical bar in the middle i dont have it is there a way to add it manualy help
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That MACD is Custom ??Tried the same MACD on my Mt5 and is not Red and green .I like this one
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You know, I've been trading for a couple years but i love watching these video's just because, and this is by far the most well put together video i have seen in a long time.
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Thanks for the vid, great info! What's the opinion on volume indicator?
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excellent video
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Great video! For Bollinger bands, is width of 2 standard or 2.5 better for price action?
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Great items clearly, briefly and excellently explained. Thank you.
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Those RSI settings were just superb, so was the rest of the video! Thanks
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Wonderful stuff! I was aware of all these indicators being around the candlestick movements, but I did not understand them, let alone know their names. Now, I have a better understanding of them and I can focus on one type of trend indicator and make it mine as I move forward with the forex market! a big thank you for this invaluable video!
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Hi and thx for this video. I especially like your MACD indicator, is this a downloadable indicator for mt4 or just for the platform you're using. Thx again.
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This was the best video on indicators i have ever seen in my life.
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dear please give your contact number adress in india thanks
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Excellent video! Thank you!
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what period of time should i use for stock charts?
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thanks you!
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My brain crashed
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awesome awesome awesome