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Did you know there are currently more than 100 technical indicators that you can use when trading Forex? Most charting software programs and packages available will provide all of these indicators to you — but the most confusing question is always: which ones should I use? There is no magic in technical indicators in and of themselves as they each can tell you something about the market’s behaviour at any given point in time. Nor is it true that any one indicator is better than another.
Technical Analysis: In my last articles, I shared that for any Forex trading method to be considered, it must be first, a complete method, (Forex Trading Methods – Finding the right one – part 2 ) and second, it must teach specific risk management rules. Today’s article on how to find the right trading method for Forex trading revolves around Technical Analysis. I believe the best Forex trading methods are based on technical analysis, without being 100% mechanical or automated.
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