Top indicators for Forex Trading
Simple as useful
Technical analysis gives us some idea about the price pattern, market trend, future movement.
Technical Indicator gives us a forecast after analysis of past market data.
Always keep in mind to follow good money management.
This will help to minimize your losses & grow your trading account.
If you trading without money management you will happen to invest money always to keep your account safe.
Forex news. (Fundamental Analysis)
Before you enter trade read Forex market news.
Be careful with high impact news.
That is the most important.
Because after releasing high impact news can be changed suddenly market direction.
At that time will increase market volatility.
It depends on the current decision of market news.
Don’t enter to trade before 30m of high impact news.
Enter to trade after 30m of high impact news.
Keep your Sense
An important part of Forex trading is to keep your sense safely.
Don’t enter the trade with your guess.
Build Up your own strategy with your good analysis.
Practice on a demo account to get well confident.
Follow trends & avoid false signals.
However carefully you must keep your sense to archive your goal.
Because don’t enter to trade suddenly once indicator appears.
make sure that the time signal is the match to trend direction.
If the signal is opposite to the trend don’t enter to trade.
How to install Forex Scientific Scalper Indicator.
- Copy the Indicators (ex4.extentioin). Find ‘File’ at the top of the Meta Trader 4 & then click on it.
- Open ‘Open Data Folder’.
- Open the ‘Indicator’ Folder.
- Paste all ‘Indicators’ to Indicator Folder.
- Restart MT4 & insert indicator to the price chart.
How to enter to the Buy position?
When appearing the line Green, on the bottom window enter the Buy trade. Exit the trade when you get target profit pips. Place stop loss for a lower low level
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How to enter to the Sell position?
When appearing the line Red on the bottom window enter the Sell trade. Exit the trade when you get target profit pips. Place stop loss for a higher high level