Monday, November 15, 2010

4 Types Of Indicators FX Traders Must Know

Here is article from investopedia which talks about important technical indicators one must follow while trading, though it talks about forex i feel same set of indicators and analysis can be followed for Equities also.

4 Types Of Indicators FX Traders Must Know

Of which i personally like :
A Trend-Confirmation Tool:MACD,
An Overbought/Oversold Tool:RSI,
A Profit-Taking Tool:Bollinger,
Non correlated Overbought/Oversold Tools can be used in comparision with RSI:Stocastics,Williams-R

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