Post
Topic
Board Trading Discussion
Re: The best indicators for currencies trading.
by
Wind_FURY
on 22/10/2016, 04:59:22 UTC
Most of the indicators for forex trading can predict the market movement, accurately on it's historical value and not it current action. Can any forex indicator predict market movement accurately?

Logically It's not possible to predict the price , at least nothing accurate as you are asking otherwise everyone would be rich by now. (this is valid for both fiat and crypto currencies)

This is very true. At least for me I have found out the hard way that I cannot predict the price of a cryptocurrency, I cannot speak for forex. I have tried every indicator that would make sense to me like trend lines, moving averages, momentum oscillators and a bunch more of others. I have lost a lot of money trying to trade well so I have concluded that a buy and hold strategy is best for me. It is more relaxing. My first longterm crypto is ETC and I am slowly buying right now. My sights are also looking at Lisk to acquire next.