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Successful forex traders know that there is no “ultimate indicator.” They may favor certain ones, but they also recognize that each indicator has shortcomings. By using multiple indicators (preferably not of the same type—i.e., leading, lagging, trend, momentum, oscillating, etc.), on one or even multiple charts, you can compensate for these weaknesses and glean the most accurate forex signals.

This entry was posted on Thursday, January 12th, 2012 at 5:34 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.