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Given that there are so many indicators out there, some are obviously optimized for certain kinds of trading.
Trend traders need to focus more on certain aspects than day traders. So, trend traders developed indicators that meet their needs more specifically.
Of course, each person’s trading is different depending on personal factors. And you can’t rely on just one indicator! But, usually, the most popular indicators are popular for a reason.
In fact, some can be so popular that they become something of a self-fulfilling prophecy. Let’s go over a few of the indicators that experienced forex traders keep turning to, and vouching for their usefulness.
A quick note that most people don’t mention: forex as a unique and popular trading discipline is relatively new.
This means that most of the indicators that we use were developed with other assets in mind, such as stocks, bonds, commodities, etc. This means that their performance can be somewhat different than origin...
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