Forex Indicators

Forex Indicators = If you’re asking the question, how do forex indicators work, I’m going to make a couple of assumptions about you
You’re new to forex You see trading as an avenue to improve your lifestyle by making money You want someone, or something, to tell you when to enter or exit the market because it seems like the easiest solution Was I right?
Sorry to burst your bubble, but an indicator is nothing more than a different way of looking at the same information
As forex traders we have very little information available to us All we know unequivocally is:
The price in the past The price right now That’s it
As an example, your candle sticks give a visual representation of how price moved in the past, with the hope you can use this information to predict what’s going to happen in the future
Every forex indicator will simply show you different visual representation of this same information
RSI, MACD, CCI, Stochastics & Bollinger Bands are all built using these 2 variables
No indicator contains a secret sauce capable of telling you when to enter and exit the market at the perfect time

When you look at these forex indicators you’re seeing the same information, just in a different format.

I’m possibly being a bit dismissive, partially because I don’t use indicators

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