Forex market participants use various trading technics and tools for making analysis and predicting the market movements. Trading indicators are one of the most popular trading tools used by investors. In fact, there is no such a term as “currency trading indicators” indicators are used for all types of instruments, without any exclusion. However, there are some indicators that are convenient to use for currencies, specifically.
What are the Best Currency Trading Indicators Used for?
Trading indicators are considered to be the best trend confirmation tools used by investors trading in Forex market. Trading indicators show the possible changes that take place in a market trend. It is not news for anyone that profitable trading results in accurate prediction of the market, since trading decisions are based on these predictions. The most popular ones are Moving Averages. These indicators appear on the chart as a line that shows the latest average prices and helps to decide when to open a position.
What Are The Best Currency Trading Indicators To Choose?
As it is known, currency trading indicators are considered to be the inseparable part of technical analysis. Actually, no one can say for sure, which Forex indicator is the best one to choose for predicting the market, as they all have their special role in trading. Undoubtedly, each investor and trader should have an idea about each indicator separately in order to be able to use them properly. IFC Markets presents you the list of the best FX trading indicators.
- Trading indicators by Bill Williams
- Fractal (phase space)
- The driving force (energy phase)
- Acceleration / deceleration (power phase)
- Zone ( combination of strength / power phase)
- Balance Line
- Forex Oscilliators
- The Average True Range (ATR)
- The Bollinger Bands Indicator
- The Commodity Channel Index
- DeMarker Indicator
- The Envelopes Indicator
- The Force Index Indicator
- The Ichimoku Indicator
- Moving-Average Convergence/Divergence (MACD) Oscillator
- Momentum Oscillator
- Relative Vigor Index
- Relative Strength Index
- Stochastic Indicator
- Williams Percent Range (%R) Indicator
- Trend Indicators
- Average Directional Index (ADX) Indicator
- Moving Average Indicator
- Moving Average of Oscillator (OsMA)
- Parabolic Indicator
- Volume Indicators
- Accumulation/Distribution Indicator
- Money Flow Index (MFI) Indicator
- On-Balance Volume (OBV) Indicator
- Volume Indicator
Knowledge is power in every aspect of life and in trading as well. Proper usage of technical indicators provides traders with a lot of information that is a key to successful trading.
IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Windows Mobile. The company also offers MetaTrader 4 platform available on PC, Mac OS, iOS and Android. You may compare the advantages of both platforms.
