Indicators for Forex Trading
By hahn888
@hahn888 (93)
Indonesia
February 11, 2007 10:39pm CST
I am currently studying on how to make an extra money from internet. At the moment, I am doing marketiva and seems this system is all right and professional.
I am looking for a better life and better earnings day to day.
Anyway, as I am a newbie in the Forex business, I am still doing small amounts for my investment.
If somebody has a better experience, please kindly share with me on what will be the best indicators on the Marketiva for forex trading. I will kindly study to see the real efficiency of the indicator for reference.
Thank you and best regards,
2 responses
@ClickCash (29)
• Singapore
12 Feb 07
I have traded forex before. I used a method which is based on a daily charts only. the method is simple to use, just determine the high and low for a day. the following day, check is the it makes a new high or low. if it makes a new high then it is bullish. you can set up your trade. if it makes a new low then it is bearish.
the method is simple but very reliable but some traders swear by it.
have you traded options?
@hahn888 (93)
• Indonesia
13 Feb 07
I do not understand with your explanation. Terribly sorry.
Could you give me more detailed information? I am sorry, but I am really new in this forex trading.
Trading option? No I am not. Are you? Is it beneficial?
Do you trade gold? Do you know the best web site for us to do it?
@ClickCash (29)
• Singapore
15 Feb 07
Sorry. I made a mistake in the previous post. I meant to say it is NOT very reliable.
Anyway, the method is like (more or less):
1) Use candle stick charts, 1 candle = 1 day
2) Locate today prices and determine its highest price and lowest price for today.
3) Wait for the next day for a possible entry. If the highest of today exceeded the highest of yesterday, then it is bullish sign. If the lowest of today is lower than the yesterday's lowest price, it is bearish sign.
If today's highest and lowest is within the range of yesterday's highest and lowest, do not trade.
4) Set your TP and SL levels.
I have used this method and made some money but also loss some. It is not very reliable but simple.
Options trading is very profitable. It is complex but if you master it, it make you rich. It can be used to make a lot of money in a short time or make little money but consistently. I have made money in options trading.
I have not traded gold before.
How long have you traded?
Have you done any online business before?
Trade wisely!
@alphawave (22)
• Indonesia
19 Feb 07
hi, you can find a good stuff about forex trading strategies at http://forextradingstrategy.50webs.com
